The United States and China said Monday they agreed to a 90-day pause on most retaliatory tariffs imposed on each other since early April, when President Trump announced his sweeping global tariff

Investors are psyched over the US and China tariff reprieve, and Hungary might block the EU’s plans to continue sanctioning Russia, but Brussels has a plan B. Plus, Microsoft is complicating OpenAI’s already messy restructuring. I’m Marc Filippino, and here’s the news you need to start your day.

US and Chinese officials are set to start talks this week to try to deescalate a trade war between the world's two biggest economies. Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China's Ministry of Foreign Affairs says.

Representatives also move to strengthen US ties with Taiwan and approve legislation to sanction officials involved in Falun Gong abuses

The US Treasury Department has sanctioned six oil tankers, a Chinese teapot refinery and three Chinese terminal operators

It would help if the Trump administration makes it clear whether it wants the US and Chinese economies to decouple or strike a trade deal. That would set the stage for a meaningful dialogue.

China will lift sanctions on several Members of the European Parliament and the parliament’s Subcommittee on Human Rights, the EU’s top parliamentary official has said. The move comes as tensions rise over new US trade tariffs targeting both China and the EU.

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war.

Trump administration on Thursday targeted Iranian oil with a new sanctions — increasing pressure on Iran to make a deal with the U.S. to prevent nuclear proliferation, Fox News Digital has learned.

Iranian oil flows to China via shadow tankers that have always been hard to track. Now the US has lost some of its leverage due to the tariff war on top of that.

The United States government today announced sanctions against a China-based independent "teapot" refinery and a sprawling network of oil terminal operators, firms, vessels, and vessel captains, citing their involvement in purchasing and facilitating the delivery of Iranian oil in violation of U.