Overview

• China's Ministry of Commerce confirms it is evaluating U.S. requests for tariff negotiations, emphasizing the need for sincerity and the removal of unilateral duties.
• The European Union has proposed a €50 billion increase in U.S. goods purchases to help resolve the ongoing trade conflict.
• Asian and European stock markets have surged, with indices reaching monthly highs, reflecting optimism over possible de-escalation in the U.S.-China trade dispute.
• General Motors anticipates a $4–5 billion hit to its 2025 profits due to tariffs but plans to offset about 30% of the impact through cost-cutting and supply chain adjustments.
• The U.S.-China tariff war, initiated earlier this year, has seen recent softening of automotive levies and heightened diplomatic activity aimed at reaching a resolution.