US President Donald Trump speaks during a march at the Makomb Community College on April 29, 2025, in Warren, Michigan, the United States
Scott Olson Getty Images News | Gety pictures
After US President Donald Trump – or at least broken – destroyed trade relations and global supply chains, there are promising signs of reconstruction in recent days. In fact, US Treasury Secretary Scott Payette CNBC said On Monday, the country will be “very close to some deals.”
On Tuesday, the newly elected Canadian Prime Minister Mark Carney Trump met at the White House, which could reset a bilateral relationship that has been tense since January. The Chinese Deputy Prime Minister, who was Living in Switzerland, is scheduled to meet this week to hold commercial talks.
But enter the hurricane that is Trump, again. “We do not have to sign deals, they have to sign with us. They want a piece of our market. We do not want a piece of their market,” Trump He said During his meeting with Carney, he contradicts the request of senior White House officials for weeks that such deals are the highest priority of management. The markets fell after his comments.
Ironically, the increasing protectionism of the United States may help other countries to formulate economic ties with each other. United Kingdom and India Agreed on a bilateral trade agreement This will remove definitions on most elements during a decade. Meanwhile, Asyan and China are scheduled to meet on May 19 to negotiate improvements to the free trade agreement, According to Malaysian Prime Minister Anwar Ibrahim on Monday.
New bridges may be built in the wake of the Trump tariff. But these links can go beyond the United States – which, according to Trump, does not need deals anyway.
What you need to know today
Officials from the United States and China to meet
US Treasury Secretary Scott Beesen and Trade Representative Jameson Jarir He meets with their Chinese counterparts In Switzerland this week to discuss economic and commercial issues, their offices announced on Tuesday. Later in the day, the Chinese Foreign Ministry said that the Deputy Prime Minister is Living, the best official in Beijing on economic and commercial issues in China and the United States, will meet Pesent in Switzerland, NBC News said.
The United Kingdom and India reach a commercial agreement
the The United Kingdom and India entered into a bilateral trade agreement Tuesday, according to which the majority of the goods circulating between India and the United Kingdom will become “free of tariffs during a decade”, according to the British government. The Indian government said that India will start reducing the customs tariffs on UK’s major exports such as whiskey and cars, while the UK will remove all definitions on 99.1 % of imports once the agreement comes into effect.
The markets fall on Trump’s commercial comments
American stocks fell on Tuesday After Trump gave fighting comments on commercial deals. the S & P 500 Decreased 0.77 %, and Dow Jon’s industrial average Loss 0.95 % and Nasdak 0.87 % fell. Regional Europe Stoxx 600 The index fell 0.18 %, Finish the winning chain for 10 days. shares delivery It increased by 1.9 % after the British Food Delivery Company said it had agreed to a The acquisition of the American competitor Doordash This estimates the company at 2.9 billion pounds ($ 3.9 billion).
AMD outperforms profit estimates, warns of chips control elements
Advanced small devices It was mentioned on Tuesday Profits For its first financial quarter Expectations expectations He gave strong guidelines for the current quarter. Expectations include $ 800 billion in costs due to export limits in the United States on artificial intelligence chips. In a related note, Nafidia CEO Jensen Huang said on Tuesday that the artificial intelligence market in China will likely reach about $ 50 billion in the next three years, and that the missing will be on it. “Huge loss“
India says it carried out strikes on Pakistan
India said early on Wednesday that its armed forces had it He made strikes against Pakistan What you call Jamo and Kashmir, which is occupied by Pakistan, targeting “terrorist infrastructure”. The statement said that this operation followed a hard -line attack in Paalgam, Jammu and Kashmir, where 26 people were killed last month and targeted nine sites.
(Pro) to us “not a good place to hide”: Jpmorgan
The American exception – in which the American economy and the financial market in other countries have excelled since the epidemic – may be something of the past. This time, the United States “Not a good place to hide“If global economic growth slows down, JPMorgan Mislav Matejka wrote in a note on Tuesday.
Finally …
An empty container ships from COSCO shipping to a container station in Qingdao, East China’s Shandong Province, on Wednesday, April 16, 2025.
China’s feature Future publishing Gety pictures
What started to serve as a rapid decrease in US imports like the two trucks Cut applications from manufacturing partners The world has now spread to the stagnation of export across the country, as it has achieved the American agricultural sector and the highest agricultural products, including soybeans, corn and beef, more difficult.
The latest trade data shows that the US slide is exported to the world, and China in particular, which began in January now extends to most American ports. Portland Port, Oregon, tops a 51 % decrease in exports, while Takoma, Washington, a large agricultural export port, witnessed a decrease of 28 %.
This data is from Trade Tracker Vizion, which analyzed US export reservations for a period of five weeks before US President Donald Trump’s tariff and entering five weeks after tariffs.
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