U.S. President Trump stated that he would significantly reduce the high tariffs on China. Reports say that Trump told reporters, "145% is very high, it won't be that high... it will drop significantly, but it won't be zero." "We will act very friendly. They (China) will be very friendly, and we'll see what happens."
Federal Reserve Beige Book: Economic uncertainty has increased due to factors such as tariffs, and the outlook has clearly worsened in several regions.
The U.S. April S&P Global Composite PMI hit a 16-month low. The total number of new home sales in the U.S. for March was the highest since September 2024.
