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Edition from 2025-05-12, 1 PM UTC

US, China Slash Tariffs for 90 Days... Trade War Truce

The United States and China agreed to halt most tariffs for 90 days, marking a pivotal step toward ending the bitter trade conflict that rattled global markets and economies. This temporary ceasefire aims to jumpstart negotiations and stabilize financial uncertainty worldwide.

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24 Hours US and China agree to 90-day tariff pause + Hamas to release last American hostage Edan Alexander + Trump set to accept $400M luxury jet from Qatar + House Republicans unveil major Medicaid cuts + Russian drones attack Ukraine after ceasefire rejected + India Pakistan ceasefire holds amid talks scheduled + Transportation Secretary calls for Newark flight reduction + Poland closes Russian consulate over arson attack + Pope Leo XIV urges peace and press freedom + Trump to sign executive order cutting drug prices + Kurdish PKK to disarm after 40 years of conflict + UK plans new immigration crackdown amid voter anger + Milwaukee fire kills 4 after residents jump windows + GM recalls nearly 600K trucks over engine failure risk + Trump praises Catholic vote amid Pope Leo talk + Treasury yields soar on US-China tariff deal

Number 90 days - Duration of the US-China tariff suspension agreed in trade talks.

Quote "The tariffs we have imposed are a necessary reset; neither side wants a decoupling." — U.S. Treasury Secretary Scott Bessent

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