President Donald Trump’s temporary deal lowering tariffs on China has not only lifted the stock market, it’s also dropped the odds of a recession significantly, according to JPMorgan Chase.
Tagged By financials
Principal Financial says U.S.-China trade deal curbs recession risks
U.S. and China have agreed to temporarily scale back tariffs on each other’s exports which Principal Financial Group says should lower recession forecasts.
China removes ban on Boeing deliveries after deal with US to temporarily slash tariffs
China has removed its ban on airlines accepting Boeing planes after Beijing and Washington agreed to temporarily reduce the steep tariffs on one another.
Viktor Orban meets Bank of China chairman amid deepening financial ties with Beijing
Hungarian Prime Minister Viktor Orban met with Bank of China chairman Ge Haijiao in Budapest on May 12. The talks focused on expanding the Chinese banking giant’s operations in the country, according …
Trump’s China trade breakthrough might be enough to avoid self-inflicted recession
While the White House backed off from its steepest levies on Chinese goods, economists say it’s still too early to declare the US economy is out of danger altogether. Recession risks remain, even if …
Fund manager has extremely blunt words on China tariff news
A surprising announcement that China and the U.S. are pausing tariffs sent many stocks surging, generating some much-needed momentum. While many prominent companies reported strong Q1 earnings, entire …
Trade truce won’t resurrect China’s imports of US energy: Russell
The move by the United States and China to reduce import tariffs on each other and negotiate has been broadly welcomed by markets, but the de-escalation will do very little to restore the trade in…
America has given China a strangely good tariff deal
America has agreed to cut the “reciprocal” tariffs it imposed on China last month from 125% to a more digestible 10% for at least 90 days. China has agreed to do the same. It has…
Investment banks lift China growth outlook after surprise trade deal with U.S.
Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.
Brazil central bank to sign currency swap deal with China’s PBOC
Brazil’s central bank said Monday it will sign a currency swap agreement with the People’s Bank of China, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term.
The U.S. doesn’t want ‘generalized decoupling’ from China, but a strategic break instead, Treasury secretary says
The world’s two largest economies shouldn’t totally cut themselves off from each other, but the U.S. still needs self-sufficiency in key areas, according to Treasury Secretary Scott Bessent.
US customers should get Chinese rare earth permits more easily after trade truce, say sources
Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday’s trade war truce, however a complete removal of the restrictions is unlikely, …
Bank stocks see broad rally as U.S.-China trade talks reduce recession predictions
With the prospect of more favorable tariff terms between the two key trading partners, investors are betting that increased economic activity will boost financial activity.
