U.S. Tariffs Spark Recession: GDP Slumps 0.3%
US GDP fell 0.3% in Q1 2025, the first contraction since 2022. Peking University expert says U.S. tariffs sparked a recession and prolonged economic pain.
May 2025
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US Homes Depend on Chinese Mainland-Made Essentials Amid Trade War
Amid the US-China trade war, import data shows American homes rely heavily on Chinese mainland-made essentials, facing price hikes, fewer choices and potential shortages.
Americans Worry New Tariffs Could Spike Living Costs
New data shows U.S. consumer confidence fell to its lowest since May 2020 amid fears tariffs will drive up living costs.
US and Ukraine Seal Rare Minerals Deal: Access for Washington, Control for Kyiv
The US and Ukraine have signed a minerals pact, granting access to critical rare elements while Kyiv retains full control over its resources.
Trump Warns US Kids May Get ‘2 Dolls Instead of 30’ Under 145% Toy Tariffs
President Trump warned US kids could end up with ‘two dolls instead of 30’ as 145% tariffs on Chinese mainland toys threaten half of US toy makers.
May Day Tourism Boom: Chinese Mainland Inbound Trips Jump 173%
Inbound tourism to the Chinese mainland surged 173% over the May Day holiday, driven by new tax refund policies, visa-free perks, and Shanghai’s optimized shopping experience.
NVIDIA CEO: No Quick AI Win Over the Chinese Mainland
NVIDIA CEO Jensen Huang warns against expecting a quick AI breakthrough over the Chinese mainland, stressing a long-term race driven by global talent.
Israel Declares Emergency as Unprecedented Wildfires Rage
Israel declares emergency as unprecedented wildfires fueled by extreme heat and winds force evacuations and aerial firefighting between Jerusalem and Tel Aviv.
May Day Travel Boom: Chinese Mainland Hits 1.42B Trips
Chinese mainland May Day travel hits 1.42B trips and 2.15M daily border crossings—signs of a tourism rebound.
Explosion in Taiyuan Complex Leaves 1 Dead, 21 Injured
An explosion in Taiyuan’s Xiaodian District killed one person, injured 21 and left two missing. Over 210 firefighters and 43 vehicles mobilized as the Chinese mainland’s Ministry of Emergency and Management coordinates rescue efforts.