Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
China escalated the stakes of the trade war with America by imposing an 84% tariff on American products as a retaliatory measure to President Trump's recent tariffs on Chinese products. The retaliatory tariff which commenced on April 10, 2025, is a significant escalation of the trade tension between the two economic giants. China's move indicates a show of its resolve to ignore what it perceives to be coercive American trade policies.
The deepening trade war has led market volatility to a record globally, and blue-chip stock market indices like the S&P 500 plunged dramatically. Reacting, China will convene a high-level meeting to weigh alternatives to spur its economy and capital markets, including financing local consumption and overseas exports. The dispute threatens to badly damage the world's economic stability and investors desire even more economic uncertainty as the trade war escalates.
