US reaches framework deal with China on TikTok, per Treasury Secretary Scott Bessent.

The ban was due to take effect September 17.

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WTF Wire

The US will take 15% of Nvidia and AMD chip sales to China under a rare deal tied to export licenses, sparking security and legal concerns. Nvidia #AMD #USChinaDeal #TechNews #wtfwire www.wtfwire.com/finance/us-1...

Europe stocks close lower as U.S.-China deal details unfold; Macron says EU and U.S. will find trade 'solution' - CNBC Europe stocks close lower as U.S.-China deal details unfold; Macron says EU and U.S. will find trade 'solution'  CNBC

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US-China framework sparks cautious optimism, averting immediate tensions. Markets rally on hopes of stabilized relations, though deal lacks substance. Focus on rare earths, tariffs, and future talks. #USChinaDeal #TradeTensions #MarketReactions

US dollar sags. Attention turns to worsening L.A. riots The FX market is beginning to take shape this week and the defining move so far is selling the US dollar. We have seen that before on worsening trade but I don't see how that's the case as Trump has been touting a US-China deal lately. USD/JPY is down 40 pips to 144.45 and that's wiped out about half of last week's gain. The dollar is also solidly lower against the pound, euro and Australian dollar. Now that could just be some give-back after the strong moves on Friday after non-farm payrolls. It's a report that tends to get overdone and at this point doesn't really tell us what the Fed will do, particularly since several of the metrics in the household data weakened. Another possibility is that there is some angst building about the worsening riots in Los Angeles. Those are related to immigration raids but we could some see an overwhelming US government response that fans the flames. "This moment calls for decisive leadership. The president will not tolerate rioting and violence," wrote JD Vance on twitter in the last half-hour. The President is repeatedly calling them 'insurrectionists' and he's ordered some US troops to be on standby. I tend to think that these things blow over but you never know. So long as it remains contained in L.A. I don't see problem but if we see other protests, then it could legitimately weigh on the US dollar. Also notable is that a series of Waymo cars was lit on fire and I think self-driving cars will increasingly be the target of protesters. This article was written by Adam Button at www.forexlive.com.

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U.S.-China deal: BofA lists 5 macro implications Investing.com -- The May 12 deal between the United States and China marks a turning point in global macroeconomic dynamics, according to Bank of America. Analysts at BofA call the de-escalation "much quicker than expected" and, in a note this week, outlined five key macro implications of the deal, which halved the U.S. effective tariff rate—at least through July. First, BofA expects the deal could lead to "another surge in imports," particularly as companies front-load holiday-related shipments to hedge against future tariff risk. This would likely "support inventories and capex as well" and alter the contours of second-quarter GDP. Second, while the deal eases near-term economic pressure, BofA cautions that "there is substantial inflation in the pipeline." The bank explains that a reduction in tariffs on many Chinese imports might allow core PCE inflation to peak lower than initially expected—potentially closer to 3% year-over-year by year-end, down from BofA’s prior 3.6% forecast. Third, with reduced tariff burdens, U.S. consumers may see "a smaller loss of wallet share," helping discretionary services. BofA notes resilience in sectors like air travel and food services, suggesting that consumer spending may be more resilient than expected. Fourth, the labor market could see a reprieve. Tariff-induced pressure on trade, transport, and warehousing jobs now looks less severe, according to the bank. "This lowers the risk of a sharp, imminent drop in payrolls," BofA writes. Finally, the likelihood of Federal Reserve rate cuts in 2025 has diminished. BofA analysts reaffirm their view that "the Fed won’t cut in 2025," citing reduced recession risks and persistent inflation pressures following the trade agreement. Which stock should you buy in your very next trade? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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Chinese Stocks Slide as Trade Truce Seen Dashing Stimulus Hopes - Bloomberg.com * Chinese Stocks Slide as Trade Truce Seen Dashing Stimulus Hopes  Bloomberg.com * Stocks soar after U.S. and China agree to temporarily slash tariffs  NPR * Stocks gain after US-China deal exceeds expectations  Yahoo Finance

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US and China Agree to Slash Tariffs in 90-Day Deal In a step toward easing trade tensions, the U.S. and China have agreed to significantly reduce tariffs on each other’s goods for a 90-day period.

US and China Agree to Slash Tariffs in 90-Day Deal #MaritimeTrade #USChinaDeal #ShippingNews

U.S.-China deal a tactical retreat; far from peace, says Macquarie hereremove ads Latest comments Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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US, China sign deal to roll back tariffs for 90 days - Yes Punjab News US and China agree to reduce tariffs for 90 days starting May 14, with US lowering tariffs from 145% to 30% and China cutting tariffs from 125% to 10%.

US, China sign deal to roll back tariffs for 90 days yespunjab.com?p=122819

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US-China Trade Progress May Test Bitcoin’s Use Case As A Global Hedge - As US-China trade talks progress, analysts debate Bitcoin’s safe-haven status and how a deal could shape BTC’s price momentum and macroeconomic role.

Bitcoin’s role as a safe haven is under scrutiny as US-China trade talks progress. Will a finalized deal impact BTC’s bullish momentum?

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White House says it has a deal with China while Chinese call it 'consensus'

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