THREAD: uschina trade truce ignites hope
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TRUMP’S Bold Push Ignites Hope for Russia-Ukraine Ceasefire
— Russia and Ukraine have agreed to start ceasefire talks, marking a possible turning point in the war. Former President Donald Trump has played a bold role in pushing both sides to the table, working to broker peace and open real negotiations.
This breakthrough comes after months of failed attempts by world leaders to calm the conflict. The war has caused deep suffering and shaken global security, making these talks critical for millions of people.
The new talks could lead to deals on peace, borders, and stronger safety promises for both countries. While everyone is cautious, there’s growing hope that this effort will finally bring real change.
US-CHINA TRADE Truce Ignites Hope, But Record Deficit Stings Americans
— The U.S. and China have agreed to a 90-day trade truce, cutting tariffs on each other’s goods. U.S. tariffs on Chinese imports dropped from 145% to 30%. China lowered its own tariffs from 125% down to just 10%. This deal sparked a rally in Asian markets, with Japan’s Nikkei jumping nearly 2%. Car makers like Toyota and Suzuki also saw big gains.
But the good news comes with a warning sign. The U.S. Treasury revealed the trade deficit has hit a record $1.2 trillion. Treasury Secretary Scott Bessent claims “substantial progress” in talks with China but didn’t share many details. Lawmakers and global partners are worried about how this growing deficit could hurt American jobs and businesses.
Western car companies are trying new ways to stay competitive as sales drop in China. Volkswagen is teaming up with Ecarx, a Chinese tech company that builds smart car systems. Mercedes-Benz will use Chinese-made sensors for its vehicles around the world.
Meanwhile, Ford put its financial plans on hold because of uncertainty over President Trump’s tariffs — which could cost them $1.5 billion this year alone. In Japan, regulators plan to give crypto assets legal status as financial products by changing laws next year.
TRUMP’S Trade WAR Truce Sparks Surge in Asian Markets
— Asian stocks soared Tuesday after the U.S. and China agreed to a 90-day pause in their trade war. Both nations announced big tariff cuts. U.S. tariffs on Chinese goods dropped from as high as 145% to 30%. China lowered its tariffs on American products from 125% to just 10%.
This truce gives both sides more time for talks after meeting in Geneva. Experts say the deal was better than expected and calmed investors, but warn President Trump could still change course if needed.
Japan’s Nikkei index jumped nearly 2%. Automakers like Toyota and Suzuki led the gains, while Nissan shares rose too after news about major layoffs tied to restructuring.
South Korea’s Kospi index edged up by 0.2%. Investors are still careful about long-term risks, but for now, markets are responding with relief and optimism.
US-CHINA TRADE WAR Pause Stuns Markets, Sparks Hope and Fear
— The United States and China agreed to a 90-day pause on tariffs. This move gives American businesses that depend on Chinese goods a break, but many are unsure how long this peace will last. Experts say the main trade problems are still not solved.
In other news, former President Trump’s plan to use a Qatari luxury jet instead of Air Force One is facing backlash. Critics raise concerns about security and possible foreign influence. At the same time, his administration allowed 59 white South Africans to enter as refugees, which caused debate since most refugee resettlements were on hold.
McDonald’s plans to hire 375,000 US workers this summer. This shows strong demand from customers and positive signs for the job market. Meanwhile, House Republicans want $5 billion for private school vouchers — keeping school choice in the spotlight.
Tourism leaders worry about slower revenue as economic worries grow. On a brighter note, new steps against invasive carp could help protect the $7 billion Great Lakes fishing industry from more damage.
TRUMP’S Tarif Pause: A 90-Day Relief or Just a Temporary Truce?
— Trump’s decision to pause tariffs for 90 days on April 9, 2025, sparked a market surge and mixed reactions from business leaders. Many CEOs felt relieved, but China’s retaliatory 125% levy complicates the situation. Companies like Micron are adding surcharges, and retailers warn of possible price hikes by summer 2025.
For business leaders, the tariff pause offers temporary relief but doesn’t resolve ongoing tensions with China that keep global supply chains shaky. Jamie Dimon of JPMorgan called the tariffs a “self-inflicted wound,” showing how complex this issue is. While some pressure eases, a baseline duty of 10% stays in place with threats looming after this period ends.
Wall Street reacted positively to Trump’s announcement, but business leaders are split between cautious optimism and frustration over future uncertainties. The question remains whether this is a genuine truce or just a temporary timeout in an ongoing trade conflict with China. As companies face these challenges, they hope for more stable trade policies ahead.
— China’s Xi Jinping Calls for Action to Prevent Future Mass Killings The Chinese president has emphasized the need for measures to ensure that recent mass killings do not recur in the nation
— China Prepares for Key Week Amid US Elections and Stimulus Anticipation Markets are closely watching as China braces for significant developments related to the upcoming US elections and potential economic stimulus announcements
— China SLAMS US for Expanding Export Control List, Promises Retaliation The Chinese government has criticized the United States for adding more companies to its export control list and has vowed to take countermeasures
— **Southeast Asia Emerges as Prime Supply Chain Diversification Hub Amid US-China Tensions** Companies increasingly turn to Southeast Asia for diversifying supply chains amidst escalating tensions between the US and China
— China Overtaken by US as Germany’s Top Trading Partner The United States surpasses China to become Germany’s largest trading partner, displacing China from its long-held position
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