Navarro: trade talks are moving swiftly, with behind-the-scenes negotiations, especially with China, kept quiet for effectiveness.

Trump: Don't want China's product unless they're fair.

Trump: Major new spending bill in development could surpass tariffs in economic impact. Calls it a "big beautiful bill."

Trump, asked when he'll speak with Xi: It will happen.

Trump admin reaches out to Chinese leaders as olive branch for tariff talks -Yuyuantantian

Ripple offered to acquire Circle’s USDC stablecoin for $5 billion. Circle is said to have rejected the bid as too low.

US Bitcoin spot ETF saw a net inflow of $422 million on 1 May 2025

US ETH spot ETF saw a net inflow of $6.49 million on 1 May 2025

BTC.D 64.81%

S&P500 (+0.6 %) and Nasdaq (+1.5%). Asia is more or less following that trend (Taiwan +2.6%, Japan +0.6%, India +0.6%, Hong Kong +1.6%). Mainland China is not following, but German futures +1.4% do.

🚨The most important chart in the world right now.

Trump ends the "de minimis" tariff exemption for small parcels on Friday. The exemption removal subjects products from China and Hong Kong under $800 to tariffs of 145%. China tariffs now reflected at checkout for purchases from Temu, Shein

🚨Chinese Copper inventories fell by nearly 55,000 tonnes to 116,800 tonnes last week, the biggest weekly drop on record. At this rate of decline, Chinese copper stocks will be depleted in two weeks. China is the world’s largest consumer of copper.

Copper stocks in US commodity exchange warehouses have surged this month to their highest level since 2018 as the market suffers 'one of the biggest contraction shocks' in its history. [Time for China to make a deal?]

China's offshore Yuan strengthens to 7.2345 per dollar, strongest since march 20

AAII bull-bear spread is still deep in negative territory [a lot have fallen for the macro FUD]