Overview

• President Donald Trump met with executives from Walmart, Target, Home Depot, and Lowe’s to address concerns over the impact of high tariffs on their businesses.
• US Treasury Secretary Scott Bessent suggested that the current 145% tariffs on Chinese goods could be significantly reduced as part of a trade resolution.
• China’s Ministry of Commerce warned other nations against trade deals that harm its interests but expressed willingness to engage in discussions with the US.
• South Korea’s finance minister arrived in Washington for high-level trade talks aimed at mitigating the effects of US tariffs on South Korean exports.
• Global markets responded positively to indications of a potential US-China trade agreement, with stock indices rising on optimism for reduced tensions.