An EV Expert Thinks Fast Charging Is Overrated. Here's Why It's OK to Take Your Time Powering Back Up.
A look at recent automotive news will show you that EV manufacturers are slashing charging times in an effort to compete with the amount of time you would spend at a gas station. Andrew Cornelia, the CEO of Mercedes-Benz High-Power Charging, called this into question on a recent episode of Inside EV's Plugged-In podcast, claiming that many automakers could be overreaching.
And he may have a point.
We recently reported that BYD, a Chinese automaker, had laid out plans for a 1,000 kW charging solution that would effectively quadruple the amount of electricity that any Tesla model can currently accept. In theory, it sounds great. We always welcome new technology, and so does Cornelia, but he has some very interesting insight about how we should approach juicing up EVs.
Tesla's 3rd-generation Superchargers can supply up to 250 kW of power, able to add approximately 175-200 miles of range in 15 minutes. With Tesla and many other automakers continuing to steadily slash charging times, Cornelia says we could be closer to the Goldilocks zone than we think. He says that charge times of 10, even 12 minutes, would be perfectly acceptable given the time that motorists tend to 'dwell' at the gas station.
We car enthusiasts like to think we're pretty economical with our time at the gas station, but let's face it, we're actually not. While it may only take four minutes to fill up with fuel, that's only the amuse bouche of gas station amenities. Most of us might need to go inside and use the facilities, and maybe even snag a beverage and a snack if we're on an extended road trip. Some gas stations will even have more substantial food options like sandwiches or even fast food chains if you're especially lucky.
After all is said and done, it's pretty easy to find yourself at the gas station for longer than 10 minutes. Just whatever you do, don't park at the pump if you have to venture inside for any accoutrement. Nobody wants to wait for you to complete your weekly grocery shop when they're just looking to top up with fuel.
Cornelia noted that rather than going for outright speed, the charging experience should match the dwell time—adding that there are rarely scenarios where uber-fast charging makes sense. For this exact reason, Mercedes is laying plans to build its upcoming charging stations at points of interest like Starbucks and even Buc-ee's, a Southern chain of mega gas stations.
All this talk against ultra-fast charging doesn't mean that Mercedes-Benz isn't committed to optimizing fast charging for those who need it. Far from it. Many of us don't have access to a garage that would allow us to slowly add range overnight. Mercedes-Benz High-Power Charging still plans to offer 400 kW charging stations, with more than enough muscle to juice up almost any EV in mere moments. For context, Tesla's 4th-generation Superchargers won't be much better, quoting a 500 kW output.
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Motor Trend
28 minutes ago
- Motor Trend
You Can't Give Teslas Away These Days, but Tesla's Actually Trying To
Free car giveaways are typically associated with TV game shows, radio sweepstakes, or halftime contests, but right now there's one being hosted directly by an automaker. By participating in Tesla's 'TeslaVision' contest, you could score a brand-new Model Y and a private tour of the Texas Gigafactory. In 2017, Tesla held 'Project Loveday,' a video contest named after a 10-year-old fan of the brand who wrote a letter to CEO Elon Musk suggesting that customers submit promotional video clips to make up for the company's lack of traditional advertising. That contest received thousands of submissions and was eventually won by none other than YouTube superstar Marques Brownlee. The TeslaVision Contest Now, Tesla is holding the TeslaVision contest as a follow-up to Project Loveday. According to the company, it's here 'to commemorate launching deliveries of New Model Y in all continents where we operate.' That new Model Y is the so-called Juniper version, which arrived earlier this year sporting hardware updates, a remodeled interior, and a Cybertruck-esque headlight bar. So, the TeslaVision contest—it is, in Tesla's words, 'a global celebration and showcase of the owners and fans who have always recognized the true value and impact of our products.' To participate, submit a video no longer than 90 seconds 'showing how Tesla vehicles give you more in your life—more freedom, more safety, more fun, more convenience.' That video must then be posted to YouTube and shared on X and Instagram with Tesla's accounts tagged, and then those links uploaded in the contest submission form on Tesla's site. In addition to the Model Y winner, two runners-up will get an all-expenses-paid private tour of the Gigafactory outside of Austin, Texas, which produces some Model Ys and every Cybertruck. We Have Some Thoughts Acclaimed as America's best-selling EV, one might imagine that the Model Y is in such high demand that it wouldn't be so available as to be offered up as a giveaway. Evidently, however, Tesla has enough idle inventory to make one the grand prize in the TeslaVision contest. The EV innovator has faced harsh backlash due to CEO Musk's controversial involvement in Donald Trump's presidential administration. It's possible that the TeslaVision contest is being held to gather and then promote positive takes from Tesla fans who remain unbothered by Musk's drastic social impact, and are uninterested in the numerous other EVs from brands that don't have the contentious symbolism that Tesla now does, in addition to potentially longer range, faster charging, better quality, greater comfort, prettier styling, or higher performance. To wit, we question how a video could be created under Tesla's suggested parameters. Regarding 'freedom,' the advantage Tesla once held by keeping its widespread Supercharger network exclusive to its own cars is slipping away as other EVs gain access, allowing rivals to also enjoy road trip ease. Regarding safety, the 2025 Model Y scores the highest five-star overall safety rating from NHTSA, as a plethora of other EVs do, but it no longer qualifies for IIHS Top Safety Pick as it did in years past. Furthermore, how Tesla's flagship Full Self-Driving (FSD) software has a propensity to make errors such as veering across a solid double yellow line into the oncoming lane of traffic makes safety seem tenuous at best. About fun, in our testing and assessments we've found Tesla vehicles don't have much to offer beyond the common EV attribute of quick straight-line acceleration, while rivals have superior chassis and handling refinement. To convenience, the spacious cabin, frunk and sub-trunk, and minimalistic layout found in Tesla vehicles contribute to that measure. However, the experience with MotorTrend 's 2023 Model Y long-term review car has often proved incredibly frustrating, such as the finicky flush-mounted exterior door handles, which often do nothing because the car doesn't recognize its smartphone app-based key, or how the cruise control can deactivate when using the windshield washers, or how, for now, using an adapter is necessary to charge on public Level 2 plugs. Hmm, maybe we wouldn't win this contest... positive thoughts! We should also point out the incongruity between asking fans and owners—many of whom likely already own a Model Y, given its ubiquity—to get excited about winning another one. If you're super excited about Tesla and want to show the company just how great you think it is and win a Model Y, you can submit your video clip to the TeslaVision contest website. Act soon, since the contest closes on July 17, 2025 or when 10,000 entries are received, whichever comes first.
Yahoo
an hour ago
- Yahoo
Elon Musk backtracks on Trump criticism. How will the tech world react?
Days after a fiery online feud seemed to signal an end to the relationship between Elon Musk and President Donald Trump, the tech billionaire has backtracked. In a social media post early on Wednesday, Musk expressed regret for the very public feud, saying he went 'too far.' Musk also shared he thinks it was 'worth it' to have his net worth drop while he worked with the Trump administration on the Department of Government Efficiency. After becoming one of the leading voices of the MAGA movement before and after the 2024 election, the dispute between the president and Musk shocked their Republican supporters. While Trump has made a few comments about the fight on social media and to the press, including firing off a few warnings Musk's way, he's mostly sidestepped questions from reporters. Now, Musk seems ready to reconcile, but whether Trump is ready to repair the relationship is less clear. The relationship between Musk and Trump, and Trump and other tech industry titans, seemed to indicate the political maturation of Silicon Valley as they work to shape public policy to their benefit. But Musk's rise and fall is also a warning to those same titans, a clear example of the risks of engaging in the messy world of politics. Musk's posts come just days after the president told NBC News that the former DOGE leader was 'very disrespectful to the office of the president.' During their spat, Trump threatened that Musk's company SpaceX could face a termination of government contracts and potentially other retribution. It's unlikely that Trump will cancel SpaceX's contracts 'anytime soon,' Dan Grazier, a senior fellow at a national security think tank, told NPR. Musk in response threatened to decommission SpaceX's Dragon spacecraft, but later walked it back. The feud began over Musk's displeasure with the Trump-backed 'big, beautiful bill,' which cleared the House last month. The bill would cut electric vehicle credits and could hurt his other company, Tesla. But John Helveston, a professor at George Washington University, told NPR the end of federal EV credits may not hurt Tesla as much as its competitors. Musk, a multibillionaire serial entrepreneur, spent much of the last several months positioned beside the president. His role in the Trump administration sparked concern among critics over what sway he had over Trump's decision-making, but hope among those who thought the duo could change the way Washington works. Peter Loge, a public affairs and political communications professor at George Washington University, said it may have seemed like Musk's influence on the president was 'higher and different' than other advisers, but, in reality, there's historical precedence. In the past, railroad titans, industrialists and shipping magnates have all sought to have power over government and its policymaking. Now, it's the tech sector, Loge said. 'It's a small collection of really rich people who get a lot of attention and who think they know best; they try to exert their force over public policy,' he told the Deseret News. Trump's inauguration ceremony was striking, as a string of powerful tech CEOs from Silicon Valley, including Meta's Mark Zuckerberg, Amazon's Jeff Bezos, and Musk, sat behind the president during his address. This growing influence comes at a time of significant change for the industry. 'A lot of these companies like crypto and AI are new to Washington and are new to trying to influence public policy. They could ignore Washington and do their own thing, and they discovered what Google, Microsoft and every other organization coming out of Silicon Valley discovered in the past decades, which is that you ignore Congress at your own peril,' Loge said. Pundits have also pointed to other tech giants who may step in to replace Musk, including venture capitalist Peter Thiel, who already has a relationship with Trump. Thiel has long been in Trump's orbit, endorsing his 2016 campaign and signaling the relationship between the tech world and Trump-era politics. There's a spiderwebbing impact that stems from Thiel, as Fortune highlighted in a report. Musk may now rely on his relationships in the tech world and with others in the administration, like Vice President JD Vance, to try to get back into Trump's favor. Meanwhile, the tech world will need to decide how far to lean into their political relationships. 'I'm heartened to see that we have, over the past two decades, seen a significant increase in terms of our political influence and engagement and we hope it continues to grow,' Ahmed Thomas, the CEO of the nonpartisan business association Silicon Valley Leadership Group, said. However, Thomas noted that going forward, he believes the tech industry should focus on emerging technologies, workforce development opportunities and be less dependent on the loudest voices in the room. 'I think for so many people, there's a focus not on opportunity, but rather where we have … more personalities and conflict,' he said. Regardless of whether Trump cuts out Musk entirely, or shifts his attention to another major tech player, Loge noted that Musk's dramatic rise and fall in the Trump administration is representative of a larger conversation about the relationship between wealth and political power. 'I think that, even as we wrestle with this new question, right, 'What about Elon Musk? What about crypto? What about AI?' It's important to remember that these are in many ways, very old questions about the connection between truth, persuasion, power and democracy,' Loge said.
Yahoo
an hour ago
- Yahoo
Trump tariffs live updates: Trump says he will set unilateral tariff rates within weeks
President Donald Trump told reporters on Wednesday that he would send letters to trading partners in the next week or two setting unilateral tariff rates. 'At a certain point, we're just going to send letters out. And I think you understand that, saying this is the deal, you can take it or leave it,' the president said at the Kennedy Center in Washington. Soon after introducing steep new tariffs that roiled markets, Trump instituted a pause on his most punishing duties that expires July 9. His latest comment, however, only muddies the waters about what could happen next as the deadline approaches. Earlier on Wednesday, Treasury Secretary Scott Bessent told Congress that it is "highly likely" that the tariff pause would be extended for countries that are negotiating with the administration "in good faith." "There are 18 important trading partners — we are working toward deals on those — and it is highly likely that those countries that are ... negotiating in good faith, we will roll the date forward," Bessent said during testimony before the House Ways and Means Committee. On Tuesday, the US and China agreed to a framework and implementation plan to ease tariff and trade tensions. Trump signaled his approval, saying the deal was "done" pending sign-off from him and Chinese President Xi Jinping. Trump and other US officials indicated the deal should resolve issues between the two countries on rare earths and magnets, though reports later indicated China would only loosen restrictions on rare earth mineral exports for a six-month period. Trump also said the US will allow Chinese students in US colleges, a sticking point that had emerged in the weeks following the countries' mid-May deal in Geneva. Trump said the US would impose a total of 55% tariffs on Chinese goods. Yahoo Finance's Ben Werschkul reports, citing a White House official, that Trump arrived at that figure by adding together an array of preexisting duties and not any new tariffs. Meanwhile, though Trump's most sweeping tariffs continue to face legal uncertainty, on Tuesday, the president received a favorable update. A federal appeals court held a decision saying his tariffs can temporarily stay in effect. The US Court of International Trade had blocked their implementation last month, deeming the method used to enact them "unlawful." Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Treasury Secretary Scott Bessent told House lawmakers on Wednesday that the Trump administration may extend the 90-day tariff pause on some countries in order to continue trade negotiations. When asked if Americans should prepare for another "Liberation Day" on July 9, when the tariff pause ends for most countries, Bessent said that the administration may choose to move the deadline on 18 of the most important trading partners, so long as they make an effort to come to the negotiating table. "We are working toward deals on those, and it is highly likely that [for] those countries — or trading blocs, in the case of the EU — who are negotiating in good faith, we will roll the day forward to continue good faith negotiations," Bessent said (see video below). "If someone is not negotiating, then we will not." A recent report on the drastic decline of US ocean imports serves as an example of how President Trump's increased tariffs on China affected supply chains and several industries as ttalks continue. Reuters reports: Read more here. The Treasury Department says that the US government is successfully using tariffs to decrease the budget deficit by more than $30 billion, largely due to increased customs receipts. Reuters reports: Read more here. China will ease curbs on exports of rare earth minerals for six months as part of a new trade understanding with the US, according to The Wall Street Journal. The move could add more uncertainty for American manufacturers, particularly the auto industry, which has been pushing for easier access. The Journal notes that the move gives China leverage down the line if tensions ratchet back up. From the report: In celebrating the agreement early Wednesday, President Trump noted "any necessary rare earths will be supplied, up front, by China." He did not mention any time limit on loosening those restrictions. Treasury Secretary Scott Bessent, in testimony before Congress on Wednesday, painted Wednesday's agreement as an incremental step on the longer road to a more comprehensive trade deal. "A trade deal today or last night was for a specific goal, and it will be a much longer process," he told a House committee. When asked if current US tariff levels on Chinese imports would not change again, Commerce Secretary Howard Lutnick told CNBC, "You can definitely say that." "We're in a great place with China," Lutnick said Wednesday. While the US-China truce framework is awaiting final word from US President Trump and Chinese President Xi Jinping, Lutnick added, "Both sides are really positive." The agreement is largely viewed as reestablishing the "handshake" that US and Chinese officials reached in Geneva last month, as details on a larger trade pact remain scant. Trump posted on social media this morning that the US has imposed 55% tariffs on China, a number that does not include any new tariffs but instead comprises some preexisting tariffs, Trump's fentanyl tariffs, and 10% "Liberation Day" tariffs. Lutnick touted that, as a result of the two-day talks, the US will gain access to rare earths and magnets, while the Chinese delegation sought to remove the US's export controls. He added that the trade deficit remains an ongoing issue, stating, "We're going to examine how China can do more business with us." May's Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump's tariffs would accelerate the pace of price increases. The Consumer Price Index (CPI) increased 0.1% on a monthly basis in May and 2.4% on an annual basis, a slight uptick from April's 2.3% gain. Yahoo Finance's Allie Canal reports: Read more here. I would keep an eye on consumer names off the news of a trade deal with China floated by President Trump this morning (see our prior post below). Seeing upticks premarket in heavily China-exposed retailers such as Nike (NKE), Walmart (WMT), Target (TGT), and Abercrombie & Fitch (ANF). The premarket gains here aren't mind-blowing in part because tariffs appear to still be in place. Trump posted on Truth Social: OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!" A variety of market observers quickly weighed in hours after Tuesday evening's unveiling to suggest that the deal may not have a lot of meat on the bones — but at least relations are no longer moving in the wrong direction. The talks perhaps underscored how unlikely a comprehensive trade deal is anytime soon, noted AGF Investments Greg Valliere, "but at least relations may not worsen as talks continue throughout the summer." Both sides promised additional talks in the weeks or months ahead, but none have yet been scheduled. Veronique de Rugy, a professor at the Mercatus Center at George Mason University, suggested the talks continued to show China's leverage. "China is hurting, yes—but they still hold the upper hand on critical resources, and they know how to use them." Any lessening of tensions — and freer flow — of these mineral resources in China would be a significant boost to the global economy with China holding outsized leverage in both the reserves and processing capacity of these key building blocks for everything from computers to electric vehicle batteries to medical devices. Likewise, the US offering concessions on export controls would be a significant move after years where successive US administrations have wielded these controls — especially around the design and manufacture of semiconductors — by saying they need to be tight on China for national security reasons. Read more here. May's Consumer Price Index (CPI) report will be released on Wednesday and its expected to show that prices rose a bit faster than in April. Yahoo Finance's Allie Canal breaks down what to look out for and how President Trump's tariffs are impacting what consumers are now paying for goods and services. Read more here. Now that the US-China trade truce is back on track, both sides are keen to ensure it stays that way. China's Vice Premier He Lifeng said both sides need to now 'show the spirit of good faith in abiding by their commitments and jointly safeguard the hard-won results of the dialogue.' Bloomberg News reports: Read more here. Reuters reports: Read more here. Despite the US-China trade truce resuming the pain from President Trump's tariffs remains in China, especially among small exporters. Reuters reports: Read more here. Japan warned Wednesday that tariffs threaten its economic growth, the government said in a monthly report. Reuters reports: Read more here. Reuters reports: Read more here. Reuters reports: Read more here. A federal appeals could said on Tuesday that President Trump's sweeping tariffs can continue for now. This is a significant win for Trump, who introduced tariffs back in March and declared "Liberation Day," as he saw them as a way to free the US from what he called unfair trade practices. Bloomberg News reports: Read more here. Early summer sales for Inditex, the owner of fashion retailer Zara, came in weaker, as the company missed expectations for first quarter sales on Wednesday. President Trump's tariffs have impacted consumer demand in the US and other major markets. Reuters reports: Read more here. After weeks of back and forth, the US and China have agreed on a framework to implement the Geneva consensus that helped ease tariffs. The breakthrough came after two days of talks in London, including a marathon session on Tuesday. US Commerce Secretary Howard Lutnick said both sides had to "get the negativity out" before making progress. 'Now we can go forward to try to do positive trade, growing trade,' he said. As part of the deal, Beijing has promised to speed up shipments of rare earth metals, a crucial component for global auto and defense industries. Washington will ease export controls. This marks the first sign of movement on key issues. The proposal will now be presented to President Trump and China's Xi. Still, the discussions also did little to resolve a long-standing issue: China's trade surplus with the US. 'Markets will likely welcome the shift from confrontation to coordination,' said Charu Chanana, chief investment strategist at Saxo Markets. 'We're not out of the woods yet — it's up to Trump and Xi to approve and enforce the deal.' The meeting was set up after a phone call between the two leaders, following weeks of each side accusing the other of breaking the Geneva commitments. Both countries had used chips, rare earths, student visas and ethane as bargaining tools. Josef Gregory Mahoney, a professor at East China Normal University, said trust, not money, has been the biggest casualty of the trade war. 'We've heard a lot about frameworks,' he said. 'But the fundamental issue remains: Chips versus rare earths. Everything else is a peacock dance.' Bloomberg reports: Read more here. Treasury Secretary Scott Bessent told House lawmakers on Wednesday that the Trump administration may extend the 90-day tariff pause on some countries in order to continue trade negotiations. When asked if Americans should prepare for another "Liberation Day" on July 9, when the tariff pause ends for most countries, Bessent said that the administration may choose to move the deadline on 18 of the most important trading partners, so long as they make an effort to come to the negotiating table. "We are working toward deals on those, and it is highly likely that [for] those countries — or trading blocs, in the case of the EU — who are negotiating in good faith, we will roll the day forward to continue good faith negotiations," Bessent said (see video below). "If someone is not negotiating, then we will not." A recent report on the drastic decline of US ocean imports serves as an example of how President Trump's increased tariffs on China affected supply chains and several industries as ttalks continue. Reuters reports: Read more here. The Treasury Department says that the US government is successfully using tariffs to decrease the budget deficit by more than $30 billion, largely due to increased customs receipts. Reuters reports: Read more here. China will ease curbs on exports of rare earth minerals for six months as part of a new trade understanding with the US, according to The Wall Street Journal. The move could add more uncertainty for American manufacturers, particularly the auto industry, which has been pushing for easier access. The Journal notes that the move gives China leverage down the line if tensions ratchet back up. From the report: In celebrating the agreement early Wednesday, President Trump noted "any necessary rare earths will be supplied, up front, by China." He did not mention any time limit on loosening those restrictions. Treasury Secretary Scott Bessent, in testimony before Congress on Wednesday, painted Wednesday's agreement as an incremental step on the longer road to a more comprehensive trade deal. "A trade deal today or last night was for a specific goal, and it will be a much longer process," he told a House committee. When asked if current US tariff levels on Chinese imports would not change again, Commerce Secretary Howard Lutnick told CNBC, "You can definitely say that." "We're in a great place with China," Lutnick said Wednesday. While the US-China truce framework is awaiting final word from US President Trump and Chinese President Xi Jinping, Lutnick added, "Both sides are really positive." The agreement is largely viewed as reestablishing the "handshake" that US and Chinese officials reached in Geneva last month, as details on a larger trade pact remain scant. Trump posted on social media this morning that the US has imposed 55% tariffs on China, a number that does not include any new tariffs but instead comprises some preexisting tariffs, Trump's fentanyl tariffs, and 10% "Liberation Day" tariffs. Lutnick touted that, as a result of the two-day talks, the US will gain access to rare earths and magnets, while the Chinese delegation sought to remove the US's export controls. He added that the trade deficit remains an ongoing issue, stating, "We're going to examine how China can do more business with us." May's Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump's tariffs would accelerate the pace of price increases. The Consumer Price Index (CPI) increased 0.1% on a monthly basis in May and 2.4% on an annual basis, a slight uptick from April's 2.3% gain. Yahoo Finance's Allie Canal reports: Read more here. I would keep an eye on consumer names off the news of a trade deal with China floated by President Trump this morning (see our prior post below). Seeing upticks premarket in heavily China-exposed retailers such as Nike (NKE), Walmart (WMT), Target (TGT), and Abercrombie & Fitch (ANF). The premarket gains here aren't mind-blowing in part because tariffs appear to still be in place. Trump posted on Truth Social: OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!" A variety of market observers quickly weighed in hours after Tuesday evening's unveiling to suggest that the deal may not have a lot of meat on the bones — but at least relations are no longer moving in the wrong direction. The talks perhaps underscored how unlikely a comprehensive trade deal is anytime soon, noted AGF Investments Greg Valliere, "but at least relations may not worsen as talks continue throughout the summer." Both sides promised additional talks in the weeks or months ahead, but none have yet been scheduled. Veronique de Rugy, a professor at the Mercatus Center at George Mason University, suggested the talks continued to show China's leverage. "China is hurting, yes—but they still hold the upper hand on critical resources, and they know how to use them." Any lessening of tensions — and freer flow — of these mineral resources in China would be a significant boost to the global economy with China holding outsized leverage in both the reserves and processing capacity of these key building blocks for everything from computers to electric vehicle batteries to medical devices. Likewise, the US offering concessions on export controls would be a significant move after years where successive US administrations have wielded these controls — especially around the design and manufacture of semiconductors — by saying they need to be tight on China for national security reasons. Read more here. May's Consumer Price Index (CPI) report will be released on Wednesday and its expected to show that prices rose a bit faster than in April. Yahoo Finance's Allie Canal breaks down what to look out for and how President Trump's tariffs are impacting what consumers are now paying for goods and services. Read more here. Now that the US-China trade truce is back on track, both sides are keen to ensure it stays that way. China's Vice Premier He Lifeng said both sides need to now 'show the spirit of good faith in abiding by their commitments and jointly safeguard the hard-won results of the dialogue.' Bloomberg News reports: Read more here. Reuters reports: Read more here. Despite the US-China trade truce resuming the pain from President Trump's tariffs remains in China, especially among small exporters. Reuters reports: Read more here. Japan warned Wednesday that tariffs threaten its economic growth, the government said in a monthly report. Reuters reports: Read more here. Reuters reports: Read more here. Reuters reports: Read more here. A federal appeals could said on Tuesday that President Trump's sweeping tariffs can continue for now. This is a significant win for Trump, who introduced tariffs back in March and declared "Liberation Day," as he saw them as a way to free the US from what he called unfair trade practices. Bloomberg News reports: Read more here. Early summer sales for Inditex, the owner of fashion retailer Zara, came in weaker, as the company missed expectations for first quarter sales on Wednesday. President Trump's tariffs have impacted consumer demand in the US and other major markets. Reuters reports: Read more here. After weeks of back and forth, the US and China have agreed on a framework to implement the Geneva consensus that helped ease tariffs. The breakthrough came after two days of talks in London, including a marathon session on Tuesday. US Commerce Secretary Howard Lutnick said both sides had to "get the negativity out" before making progress. 'Now we can go forward to try to do positive trade, growing trade,' he said. As part of the deal, Beijing has promised to speed up shipments of rare earth metals, a crucial component for global auto and defense industries. Washington will ease export controls. This marks the first sign of movement on key issues. The proposal will now be presented to President Trump and China's Xi. Still, the discussions also did little to resolve a long-standing issue: China's trade surplus with the US. 'Markets will likely welcome the shift from confrontation to coordination,' said Charu Chanana, chief investment strategist at Saxo Markets. 'We're not out of the woods yet — it's up to Trump and Xi to approve and enforce the deal.' The meeting was set up after a phone call between the two leaders, following weeks of each side accusing the other of breaking the Geneva commitments. Both countries had used chips, rare earths, student visas and ethane as bargaining tools. Josef Gregory Mahoney, a professor at East China Normal University, said trust, not money, has been the biggest casualty of the trade war. 'We've heard a lot about frameworks,' he said. 'But the fundamental issue remains: Chips versus rare earths. Everything else is a peacock dance.' Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data
