Trump says China deal is done đ§
Trump announced a new agreement with China. According to him, China will supply rare earths and magnets up front. In return, the US will allow Chinese students to study at American universities and follow through on previous commitments.
But one line stood out:
We are getting a total of 55% tariffs, China is getting 10%.
That means tariffs stay high. No rollback, no softening. Despite the positive tone, thereâs no real easing â and markets see it.
đ Meanwhile, CPI data came in slightly better than expected:
2.4% YoY inflation vs 2.5% forecast. Previous reading was 2.3%.
đ A small relief, but not a game changer. FOMC will happen in 7 days.