Will the U.S. and China Just Sit Down Already?
Both nations face lose-lose propositions on trade, debt, and deflationary woes. It's time to get people to meet in Alaska or Iceland or somewhere cold... and hash things out.
Market outlook:
EU matches Trump’s 90-day tariff pause, shelving $23B in planned retaliatory duties to allow time for trade talks
Bond market steadies as strong 10-year auction eases fears of foreign pullback; yield drops 20bps from peak
Yuan sinks to the weakest level since 2007 as trade war escalates; devaluation fears grow
Gold steadies near record highs after biggest jump since 2023; futures trading around $3,138/oz. Monetary inflation will continue until morale improves.
Reports say the Bank of England will delay the sale of long-term bonds to next quarter, citing market volatility; it will auction short-term debt instead on April 14.
Trump says he doesn’t want US Steel (X) sold to Japan, casting doubt on Nippon Steel’s $14B takeover; shares tumble 10% after hours.
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