A sigh of relief on US-China tariffs

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• 00:00

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• 00:33

  Good morning from the Financial Times.

• 00:35

  Today is Tuesday, May 13th, and this is your FT News briefing.

• 00:39

  Investors are psyched over the US and China tariff reprieve,

• 00:43

  and Hungary might block the EU's plans to continue sanctioning Russia,

• 00:48

  but Brussels has a plan B. Plus, Microsoft is complicating OpenAI's already messy restructuring.

• 00:56

  I'm Mark Filippino, and here's the news you need to start your day.

• 01:07

  The U.S.-China trade war seems to have cooled off for now.

• 01:11

  Global markets surged on Monday after the two countries agreed to slash tariffs for 90 days.

• 01:17

  The S&P 500 closed up more than 3% yesterday.

• 01:22

  This pause is a big first step for the world's two biggest economies.

• 01:26

  So what's next?

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