Global News Podcast US agrees trade deal with China
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May 12, 2025 Stock markets soar as the US and China agree to cut tariffs for 90 days, signaling a potential thaw in trade tensions. The Kurdish PKK militants make a historic decision to end their armed struggle in Turkey, bringing both hope and uncertainty. Meanwhile, a fierce competition emerges in the weight loss drug market, pitting Mounjaro against Wegovy while exploring gender differences in their effectiveness. Finally, an innovative trial for tinnitus treatment offers glimmers of hope for those affected by this challenging condition.
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US-China Tariff Reduction Insight
- US and China agreed to cut tariffs by 115 percentage points for 90 days, pausing a disruptive trade war.
- Both want balanced trade and to avoid economic decoupling despite strong rhetoric.
Economic Pressure Driving Trade Talks
- China's economy struggles with youth unemployment and low consumer confidence, pushing it to negotiate.
- Both US and China claim the other initiated talks, showing desire to save trade ties without losing face.
Kurdish Reaction to PKK Ceasefire
- Kurds in Diyarbakir feel relief at PKK's ceasefire after 40 years of conflict.
- Mixed feelings exist among PKK supporters, showing uncertainty despite hope for peace.