TRADE WAR BETWEEN CHINA AND THE U.S.
US stocks open lower as trade truce rally fades, UnitedHealth falls
U.S. stocks are declining amid mixed economic reports, reflecting uncertainty surrounding President Trump's trade war. Retail sales fell short of expectations, while wholesale inflation showed improvement. Manufacturing appears to be contracting, but unemployment claims are lower than anticipated. Walmart's stock dipped despite a strong profit report, as the company cited tariff-related price increases and refrained from providing quarterly guidance.
China criticises new US rule banning use of Huawei's Ascend advanced computer chips
China criticised a new US rule restricting Huawei’s Ascend chips globally, despite lifting rare earth export bans as part of a trade truce. Tensions persist over US tariffs and export controls. China urged the US to reverse these actions to restore stable economic ties.
How Trump's man in Beijing swung from trade globalist to China hawk
David Perdue, the new U.S. ambassador to China and a close ally of former President Trump, arrives in Beijing aiming to restore U.S.-China communication following a recent trade truce. A former trade advocate turned China hawk, Perdue is expected to focus on economic diplomacy, fentanyl control, and reducing tariffs.
Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says
Following a tariff truce between the U.S. and China, Tesla plans to ship components from China to the U.S. for Cybercab and Semi truck production, starting this month. This move reverses a previous suspension caused by increased U.S. tariffs, potentially disrupting Tesla's mass production plans.
Gold falls as easing Sino-US trade woes dulls safe-haven appeal
Gold prices declined on Wednesday. This happened because of easing trade tensions between the United States and China. Demand for gold as a safe investment decreased. Markets are closely watching inflation data. This data will help assess the Federal Reserve's policy direction. Traders are also awaiting the Producer Price Index data. Spot silver, platinum, and palladium also experienced losses.
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Oil prices hold near two-week highs on trade war reprieve, weaker dollar
Oil prices remained stable near two-week highs. This was due to a U.S.-China trade agreement and a weaker dollar. The U.S. and China agreed to lower tariffs. A weaker dollar increased oil demand. U.S. gasoline and distillate inventories declined. Crude stocks rose. The market is watching President Trump's trip to the Gulf. The U.S.
China pauses 24% tariff rate on US goods for 90 days
China has announced a 90-day pause on tariffs for United States goods. This occurred during trade discussions between major global powers. The US also stated an agreement for a 90-day pause. Washington will reduce tariffs on Chinese imports. China will also lower duties on US imports. Former President Trump initiated a trade conflict, especially targeting China.
US slashes 'de minimis' tariff on small China parcels to 54%
The United States is set to ease trade tensions with China by reducing the "de minimis" tariff on low-value goods, benefiting e-commerce giants like Shein and Temu. Effective May 14, 2025, the tariff will decrease to 54% from 120% for items under $800, with a $100 flat fee option.
Sensex tumbles over 1,000 points, Nifty below 24,700; IT, bank stocks top drags
Indian benchmark indices Sensex and Nifty experienced a decline on Tuesday morning, reversing gains from the previous day's surge. This downturn followed a fragile ceasefire agreement with Pakistan. While some stocks like Sun Pharma saw gains, Infosys and Kotak Mahindra Bank led the losses among Sensex constituents.
China commits $10 billion in fresh credit to Latin America
China is deepening its engagement with Latin America, offering new credit lines in yuan and visa-free travel to some countries. President Xi Jinping announced these initiatives at the China-CELAC Forum, aiming to boost trade and cooperation. However, Brazil's President Lula cautioned against over-reliance on any single economic power, emphasizing regional independence amidst global economic uncertainties.
Two truces bring multi-pronged relief for Indian rupee
The Indian rupee saw relief after India and Pakistan ceased military hostilities. A tariff truce between the United States and China also helped. The rupee recovered its losses. It strengthened to 84.6350 against the U.S. dollar. Forward premiums and volatility expectations eased. The U.S. and China agreed to reduce tariffs temporarily. This eased fears of a global economic trade war.
Oil prices ease off 2-week highs after US, China pause tariff war
Oil prices saw a slight decrease on Tuesday. This followed a recent agreement between the United States and China to reduce tariffs temporarily. The agreement had initially boosted prices. However, underlying issues between the two nations persist. Brent crude futures and U.S. West Texas Intermediate crude both experienced minor drops.
Global stocks rally after US, China pause tariff war, but uncertainty remains
Global stock markets rallied following a U.S.-China agreement to temporarily reduce tariffs, easing fears of a global recession. The U.S. will lower tariffs on Chinese imports from 145% to 30%, while China will reduce duties on U.S. imports to 10%. China also agreed to lift export restrictions.
GIFT Nifty down 160 points; here's the trading setup for today's session
Indian equities surged on Monday, with the Nifty reaching a seven-month high, fueled by easing geopolitical tensions and economic stability signs. Market participants are closely watching upcoming inflation data releases from India and the US, along with quarterly results from major companies like Bharti Airtel and Tata Motors. Positive momentum is expected to continue, with analysts projecting further gains.
Oil prices climb 2% to two-week high on US-China tariff reductions
Oil prices surged by approximately 2% following the U.S. and China's agreement to ease tariffs, fueling optimism for a resolution to their trade dispute. Brent crude reached $65.26 a barrel, while WTI crude hit $62.42. Saudi Aramco anticipates resilient oil demand, potentially increasing if the U.S. and China resolve their differences. However, potential Iranian nuclear deal and U.S.
Will Trump again increase tariffs on Chinese goods if US-China fail to make a deal? Check details
After US and China agreed to a deal that will significantly cut the import tariffs, US President Donald Trump expressed confidence and said he doesn't see US tariffs on China imports rising back to 145 percent. He asserted that US and China will reach a deal. The President also said he would speak to Chinese President Xi Jinping maybe at the end of the week. He said US tariffs on goods imported from China could still return.
US announces deal with China to cut trade deficit, White House says details on Monday
US and China held trade talks in Geneva. Negotiators from both countries reported progress. Scott Bessent led the US delegation. Donald Trump hinted at a possible tariff reset. China emphasized protecting its core principles. Discussions aimed to stabilize global markets. Both sides want to de-escalate trade tensions. Future talks are expected to continue.
Wall St futures soar after US-China agree to pause most of their sharp tariff increases
U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war.
U.S. stock market futures today: Dow soars over 900 points, S&P 500 and Nasdaq rally as trade truce fuels optimism — Nvidia, Tesla, and Microsoft in focus, but should investors stay cautious?
U.S. stock market futures today: Dow futures surge as Wall Street reacts to positive signs from the weekend’s U.S.-China trade talks. Investors cheered the progress after both nations hinted at a deal to ease trade tensions. With stock futures rising and the dollar gaining strength, markets are hopeful for more clarity this week. Key updates from the White House and China suggest further talks are coming, calming fears of more tariffs. As oil climbs and gold dips, traders brace for inflation data ahead.
U.S. and China agree to temporarily slash tariffs in bid to defuse trade war
America and China agreed to reduce tariffs temporarily. This happened while both countries tried to resolve their trade issues. The agreement suspended tariffs for 90 days. The United States would reduce tariffs on Chinese imports. China would lower import duties on American goods. Both countries hope to avoid further escalation. Ongoing negotiations will involve key officials from both nations.
China stocks rally, yuan gains after U.S.-China reach trade deal
Chinese stocks rallied and the yuan strengthened on Monday after the United States and China said they have agreed to a deal to slash reciprocal tariffs in a substantial de-escalation of a potentially damaging trade war.
European shares rise as US, China hail 'constructive' Geneva trade talks
European shares rose on Monday, as investors welcomed signs of progress in U.S.-China trade talks aimed at cooling a trade war between the world's two largest economies and dispelling some of the uncertainty clouding financial markets.
Dollar gains versus yen on US-China trade optimism; Kiwi climbs
The dollar's value increased in early Asian trading. This happened after discussions between the United States and China reduced worries about a trade conflict. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer reached a deal with China to lower the U.S. trade deficit. India and Pakistan also agreed to a ceasefire.
Investors welcome news of progress in US-China trade talks; US stock futures rise
U.S. and China trade talks brought a sense of relief to investors, hinting at a potential de-escalation in the trade war. While details remain scarce and major breakthroughs are not expected immediately, the conciliatory tone boosted U.S. stock futures.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
Germany's DAX scales record high on trade deal optimism
European shares ticked higher on Friday, with Germany's benchmark index notching an all-time high, as investors bet on de-escalation in the trade war ahead of discussions between the U.S. and China over the weekend.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
China says it has full confidence in ability to manage US trade issues
Chinese Vice Foreign Minister Hua Chunying expressed confidence in China's ability to manage U.S. trade issues ahead of crucial talks in Switzerland. Hua asserted that the U.S. trade policy is unsustainable, emphasizing the impact of tariffs on ordinary Americans. Despite not wanting conflict, China is prepared to face challenges and believes the U.S. will eventually return to a normal approach.
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