Monday Briefing: ‘Progress’ in U.S.-China talks
By Natasha Frost
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The New York Times Morning Briefing
May 12, 2025
Good morning. The newsletter covers trade talks between China and the U.S. and a Pakistan-India cease-fire.
1. Trade Talks between China and the U.S.
The U.S. Treasury Secretary Scott Bessent mentioned that the U.S. had made "substantial progress" in talks with China. Officials discussed national security concerns about China's trade practices. China's vice premier for economic policy, He Lifeng, confirmed the establishment of a "consultation mechanism" to discuss economic and trade issues. Analysts caution against expecting too much from just a few days of meetings.
2. Pakistan-India Cease-fire
India and Pakistan maintained a fragile truce with U.S. mediation. President Trump announced a cease-fire agreement and pledged to increase trade with both countries. Pakistan praised U.S. mediation efforts, while India acknowledged discussions but emphasized its independent decision-making.
3. Crypto Bro Fight Club
The newsletter also mentioned the rise of events like the "Influencer Fight Club" involving crypto bros, tech executives, and start-up founders engaging in amateur mixed martial arts competitions to showcase masculinity.
Summary:
The newsletter provides insights into diplomatic relations between major countries, offering readers a glimpse of ongoing trade negotiations and geopolitical developments, along with unique cultural phenomena like the crypto bro fight club.
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