ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
UN Says Hamas Disrupted Gaza Aid Distribution, Group Denies Allegations 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
Ukraine, EU Sign Landmark Drone Deal to Boost Defense Production 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Trump to Deliver National Address on 2020 Election Intelligence, Voting Machine Security 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Trump Administration Bars U.S. Travelers From Congo Flights Amid Ebola Outbreak 
The recent meeting between Chinese President Xi Jinping and U.S. President Donald Trump provided Beijing with short-term relief, allowing it to slow the pace of economic decoupling from Washington, according to Capital Economics. While the reversal of certain U.S. tariffs offers limited immediate economic benefits, it removes the looming threat of major hikes that could have slashed China’s GDP by up to 2%.
China’s Ministry of Commerce confirmed that the U.S. has reduced tariffs on fentanyl-related products from 20% to 10% and paused its investigation into China’s shipbuilding sector. Trump also suggested a possible easing of export restrictions on Nvidia chips, though the most advanced Blackwell models remain off-limits. Julian Evans-Pritchard, Head of China Economics at Capital Economics, noted that the de-escalation “removes a key downside risk to the near-term outlook.”
The U.S. has also suspended the Bureau of Industry and Security’s entity list affiliate rule, cutting the number of Chinese firms under sanctions. In return, China agreed to boost agricultural imports from the U.S. and delay new export controls for a year. Despite these concessions, the average U.S. tariff rate on Chinese goods remains around 30%—triple the pre-Trump era level. Capital Economics estimates that rolling back part of this year’s tariff hikes could add just 0.1% to China’s GDP, as any gains may be offset by currency appreciation.
Trump hinted that a broader trade deal might be finalized during his planned Beijing visit in April 2026, suggesting ongoing efforts to stabilize relations. However, Evans-Pritchard cautioned that a renewed rupture remains possible. Even if a deal is struck, it will likely mirror the previous “Phase One” framework, focusing on trade balance rather than resolving deep geopolitical tensions. Both nations continue to pursue economic self-reliance—Washington through supply chain diversification and China through technological independence and financial autonomy.
