Inflation Hits 3-Year High; Trump Heads to China. What You Need to Know – May 12, 2026

From ABC News.

A new report on the economy highlights growing economic anxiety across American households; President Trump is en route to China for a high-stakes meeting with President Xi Jinping, with top business leaders including Elon Musk and Tim Cook expected in the room; an American passenger from the hantavirus-affected cruise ship speaks out while quarantining in the U.S. for the coming weeks; a parking-lot camera crackdown at Home Depot and Lowe’s raises new privacy concerns amid efforts to reduce crime; and a clever K-9 comes to the rescue.