U.S. and China Talks in Switzerland Said to Have Lasted at Least Eight Hours, No Deal yet
Federal Reserve's Barr warns: tariffs raise inflation and slow down the economy, the Federal Reserve may find itself in a dilemma.
1. Federal Reserve Board member Michael Barr warned that the trade policies of the Trump administration could raise inflation, slow economic growth, and increase unemployment, posing challenges for policymakers; 2. Barr believes that tariffs may disrupt global supply chains, creating sustained upward pressure on inflation and potentially exacerbating supply chain chaos.
Express News | President Trump On Truth Social: '80% Tariff on China Seems Right! Up to Scott B.'
Express News | Reported Earlier, China Exports (YoY) For April 8.1% Vs. 1.9% Est.; 12.4% Prior
The "dollar hegemony" shows cracks in Asia: "de-dollarization" is accelerating and the renminbi is being embraced!
① With last month's unpredictable tariff policies by Trump triggering a wave of asset sell-offs in the USA, a fresh wave of "de-dollarization" is taking root in Asia... ② Multiple signs indicate that the demand for currency derivatives that bypass the dollar is rising among banks and brokers in the Asia region, as trade tensions have added urgency to the shift towards de-dollarization that has been happening for many years.
China's Exports Jump 8% in April Despite Tariff Tensions
