While Donald Trump hailed the outcome of trade talks in London, Xi Jinping walked away with an understated strategic gain: a negotiating process that buys China time and helps defuse the threat of more harmful tariffs and technology curbs.

President Trump told reporters this week that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.

Despite a weaker US dollar, Asian equities were off overnight on growing chatter of a coming Middle East crisis and Trump’s tariff threat reiteration.

With the post-pandemic surge in corporate profits, "margins have never been higher in the history of humankind," Jeff Klingelhofer said.

Treasury Secretary Scott Bessent told Congress that it is "highly likely" that a pause related to steep new US tariffs on other countries will be extended for countries that are negotiating with the administration "in good faith.

As President Donald Trump on Wednesday announced progress on trade negotiations with China, Wall Street continues to ask questions on how much tariffs the nation’s retail chains can handle.

The crypto market cap stood at $3.44 trillion as President Donald Trump claimed that the trade deal with China has been finalized, pending final approval from him and President Xi Jinping. The U.S. gets 55% tariffs, and China gets 10% tariffs, Trump added. He also said: