Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
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The United States and China have signed on to a 90-day truce beginning Wednesday, May 14, 2025, which entails steep tariff cuts. The U.S. would reduce its tariffs on Chinese goods from 145% to 30%, while China would reduce its tariffs on U.S. goods from 125% to 10%. The move is to ease trade tensions and give a chance for further negotiations.
Apart from slashing tariffs, China will remove some non-tariff barriers, including restrictions on export of rare earth to America. The two countries have agreed to resume talks on more fundamental issues of trade. Nevertheless, analysts suggest that the agreement brings relief for only a limited period and does not deal with underlying conflicts.
Release of these tariff cuts has seen a surge in global stock markets as a sign that there is a chance of a reduction in trade tensions. Despite this positive market response, there is still doubt whether the long-term settlement of trade disputes will be realized.
