Trump announced what he calls a big news in the evening, which is the outline of the trade agreement with the UK?
Such a serious matter is really a small Yingzi, truly very Trump-like, as the most loyal dog dad of America, even the sunset empire struggling to make its presence felt;
The impact of small Yingzi on US tariffs can only be described as extremely limited, the EU and China are the most important, but there has been basically no progress;
Although China and the US have started contact in Switzerland, the probability of reaching an agreement is very low. China wants the tariffs lifted, but Trump will not agree, and China will not pay attention to Trump's bargaining style either; Bessent mentioned that negotiations with China could last 2-3 years, and it will also be difficult with the EU. The impact caused by tariffs will gradually become evident through data;
In the evening, first look at unemployment benefit data and monthly wholesale rates. The big news announced by Trump about the US-UK agreement seems a bit pointless, be cautious of a rise followed by a fall!
Next Tuesday's CPI is the most important! Stay updated!
