#USChinaTradeTalks

US-China trade talks are currently underway in London, with both countries confirming their delegates will negotiate trade terms. The talks come amid uncertainty, with the US grappling with labor market cracks and China's economy facing deflation.

*Key Developments:*

- *Trade Talks*: US President Donald Trump has expressed confidence that the trade discussions will go smoothly, stating that Secretary of the Treasury Bessent, Secretary of Commerce Lutnick, and US Trade Representative Ambassador Greer will meet with Chinese representatives.

- *Market Impact*: The US Dollar Index has corrected to near 99.00, while the Pound Sterling has risen against the US Dollar, trading near 1.3570.

- *Cryptocurrency Market*: The broader cryptocurrency market is edging marginally higher, but Bitcoin, Ethereum, and Ripple's XRP face headwinds after a minor recovery over the weekend.

*Economic Data:*

- *China's Trade Surplus*: China's trade surplus widened to $103.22 billion in May from $96.18 billion in April, with exports rising 4.8% year-over-year and imports declining 3.4%.

- *US Nonfarm Payrolls*: The US added 139,000 jobs in May, slightly better than expectations, but previous months' data was revised down by 95,000 jobs.

- *Inflation Concerns*: US President Trump has criticized the Federal Reserve for not lowering interest rates, citing inflation concerns ¹ ².