#TrumpTariffs

U.S. President Donald Trump announces that his country has reached a trade agreement with China, indicating that America will receive a total tariff of 55% while China will receive 10%

⭕ Shortly after Trump's announcement, inflation data for the U.S. for May was released, showing a slowdown in monthly inflation and a rise in annual inflation

⬅️ How did global markets react to these developments?

▪️ Gold futures maintain their gains and trade up about 1% at levels of $3379.9 per ounce, awaiting confirmation from the Chinese side

▪️ Oil prices maintain their gains at the highest level in nearly two months, amid optimism that the agreement will help stimulate global economic activity and demand for crude

▪️ Brent crude futures rise by about 1.4% to $67.82 per barrel, and U.S. crude futures increase by 1.7% to $66.09 per barrel