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The Latest Breaking News from China

US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – as it happened

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

The Guardian - UK

Markets might be celebrating but ‘every portfolio manager’ is trying to figure out how long the roller coaster will last

With China tariffs increased to 125% but other tariffs on pause, there is a treasure trove of open questions for investors and CEOs to contend with.

Fortune

Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered

President Donald Trump delivered another jarring reversal in American trade policy Wednesday, suspending for 90 days import taxes he’d imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China

The Independent UK

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More than 150 Chinese mercenaries recruited by Putin fighting against Ukraine, says Zelensky

President accuses Kremlin of recruiting people on social media with Beijing’s knowledge

The Independent UK

Who Stands In The Crosshairs Of Trump's Tariffs?

With sweeping tariffs targeting key US trading partners, President Donald Trump sent the world economy into a tailspin Wednesday before backing down hours later -- with a 90-day reprieve for all but China.

International Business Times

Dutton visits sixth petrol station in seven days – as it happened

This blog is now closed

The Guardian - AU

Billionaire Trump backer Bill Ackman mercilessly teased after hailing president’s ‘Art of the Deal’ tariffs climbdown

‘Pigeons have better pattern recognition than you do, Bill’

The Independent UK

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Donald Trump is losing his ‘war with the world’ after barely a week

THE INDEPENDENT VIEW: Editorial: With the US and China busy raising tit-for-tat tariffs, the two largest economies in the world have effectively ceased trading with one another – but the president’s pause gives hope for a rethink

The Independent UK

Full list of Trump’s tariffs: a country-by-country look after the 90-day pause

Trump announced a pause for most countries – except China whose tariffs he raised to 125%

The Guardian - US

Is the Economy at Risk of a Recession Because of Tariffs? What the Experts Are Saying

With the stock markets up and down and tariffs on and off everyone including retirees may wonder what it means for the economy. Here's what the experts think.

Kiplinger

Stocks Soar as President Trump Pauses Reciprocal Tariffs

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +9.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +7.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +12.02%. June E-mini S&P futures (ESM25 ) are up +9.62%, and June E-mini Nasdaq futures...

Barchart

What We’ve Learned Three Races Into the 2025 F1 Season

The McLaren teammates and Max Verstappen are battling out at the front, while the rest of the pack gives chase.

Sports Illustrated

Trump’s tariff chaos is already hammering these small businesses

Trump’s pause on tariffs won’t help many of these businesses who rely on imports from China

The Independent UK

Trade Official Learning of Trump's Tariff Pause Captured on Photo: 'This Is Amateur Hour'

A photo of Trump administration trade representative Jamieson Greer looking baffled as he finds out that President Donald Trump changed his mind on reciprocal tariffs in the middle of a congressional hearing is making rounds on social media.

Latin Times

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The Guardian - AU

Morning Mail: Trump backtracks on tariffs, Coalition’s nuclear threat to renewable projects, fears for yellow-bellied glider

Trump has lowered some tariffs for 90 days except for China, which faces another increased tariff

PC Gamer

More tariff chaos: Donald Trump pauses tariffs for most countries at the last minute but jacks them up to 125% against China, 'effective immediately,' because of their 'lack of respect'

This doesn't seem like a great way to run a country, and it's not ideal if you're looking to put together a new gaming rig either.

Fortune

Trump’s China tariff attack will crush 'Main Street' U.S. businesses on Amazon

A $5 million Idaho business selling the top-ranked swing on Amazon for kids with special needs says his business will be destroyed within months. Other small businesses will follow.

International Business Times

Strength In Numbers: Latin America Urges Unity In Face Of Trump Tariffs

Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought.

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news in one place.

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Roll Call

As Republicans defend trade agenda, Trump changes course - Roll Call

House Ways and Means Republicans were giving a robust defense to President Donald Trump's trade policy just as he was changing course.

Space

China and Pakistan agree to fly 1st foreign astronaut to Chinese space station

For the first time, the Chinese space program will train a Pakistani astronaut, who will also be the first foreign astronaut to visit China's space station.

Space

Trump's pick for NASA chief tells Senate he's aiming for the Red Planet. 'We will prioritize sending American astronauts to Mars'

Billionaire entrepreneur Jared Isaacman, Donald Trump's pick to be the next NASA chief, shares the president's ambitious Mars goals.

Barchart

Dollar Recovers Most Losses as President Trump Pauses Reciprocal Tariffs

The dollar index (DXY00 ) Wednesday fell by -0.09%. The dollar was under pressure Wednesday as the US-China trade rift widened after China today imposed 84% tariffs on US goods in retaliation for the US imposing a total of 104% tariffs on Chinese goods. Also, the dollar is facing a...

Fortune

'Permanent damage has been done,' portfolio manager warns, as markets rejoice following Trump's tariff freeze

Stock markets rebounded following the announcement that tariffs would ratchet down to a 10% universal levy, except for China.

Barchart

Short Covering Pushes Crude Price Sharply Higher on US Tariff Pause

May WTI crude oil (CLK25 ) Wednesday closed up +2.77 (+4.65%), and May RBOB gasoline (RBK25 ) closed up -0.0470 (+2.36%). Crude oil and gasoline prices Wednesday recovered from early losses and rallied sharply as short-covering emerged when President Trump announced a 90-day pause on reciprocal tariffs for 56 countries,...

The Independent UK

What we know about Trump’s 90-day pause on tariffs

Tariffs live: Trump announces 90-day pause for most countries but hits China with 125% levy

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