China Tariff Reset, Extreme Weather & MJ’s New Gig - Tuesday, May 13, 2025
The NewsWorthy
Erica Mandy
3.9 • 1.3K Ratings
🗓️ 13 May 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The news to know for Tuesday, May 13, 2025!
We’re talking about a temporary truce between the U.S. and China, but why the trade war isn’t over just yet.
Also, an emotional reunion as an American hostage was released ahead of President Trump’s visit to the Middle East, and from heat to fire to floods, we’ll detail the extreme weather risks many Americans are dealing with this week.
Plus, a warning about potentially dangerous coolers, basketball legend Michael Jordan’s new gig, and what to expect from the world’s biggest film festival.
Those stories and even more news to know in about 10 minutes!
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Transcript
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| 0:00.0 | Today is Tuesday, May 13th. We're talking about a temporary truce between the U.S. and China, |
| 0:05.2 | but why the trade war is not over just yet. Also, an emotional reunion as an American hostage was |
| 0:10.4 | released ahead of President Trump's visit to the Middle East. And from heat to fire to floods |
| 0:15.7 | will detail the extreme weather risks many Americans are dealing with this week. Plus, a warning |
| 0:20.3 | about potentially dangerous coolers. |
| 0:22.5 | Basketball legend Michael Jordan's new gig. |
| 0:25.0 | And what to expect from the world's biggest film festival. |
| 0:27.9 | Those stories and even more news coming up. |
| 0:32.1 | Welcome, welcome to The Newsworthy. |
| 0:34.4 | All the Day's News in around 10 minutes. |
| 0:36.7 | Fast, fair, fun, and on the go. |
| 0:39.4 | I'm Erica Mandy. Thanks so much for being here. You ready? Let's do this. |
| 0:47.0 | The escalating trade war between the world's two largest economies is finally showing some signs of easing. |
| 0:52.9 | Both the U.S. and China agreed to pause most |
| 0:55.3 | tariffs for 90 days while continuing trade talks. Imports from China into the U.S. will now face a 30% |
| 1:01.6 | tariff instead of 145%, whereas American products face a 10% tariff in China instead of 125%. So tariff rates are becoming close to where they were before President |
| 1:13.6 | Trump's so-called Liberation Day last month. China also backed off other retaliatory measures, |
| 1:18.6 | like blacklisting some American companies, and both sides claim the development as a win. |
| 1:23.4 | U.S. stocks surge yesterday and the dollar jumped. But what happens after this 90 days is still uncertain. |
| 1:29.3 | So many American businesses are now rushing to get shipments from China while this trade truce lasts, |
| 1:34.1 | and while the U.S. and China continue to negotiate. |
| 1:38.6 | An Israeli-American hostage was reunited with his family yesterday, ending more than 18 months in captivity. |
... |
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