Treasury Dept Statement: US Treasury Secretary Bessent and Vietnamese Deputy Prime Minister agree to begin formal talks on reciprocal trade between the US and Vietnam.
๐จTrump: higher tariffs would go back in place if trade deals are not made
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Fed's Goolsbee: The solid 10-year treasury auction reduced my worry about the market. Long-term treasuries still appear to be the safest asset in the world. I wonโt speculate on how the Fed would respond to a market stress event. Current tariffs are higher than most scenarios, even with Trump's pause.
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As result of tariffs, Moodyโs has cut India's GDP growth forecast to 6.1% from its previous 6.4% projection for 2025.
China's Xi, on meeting with Spain's Prime Minister: Views ties with Spain are essential to enhance the well-being of the two peoples and add impetus to China-EU relations -Xinhua