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Tariff Suspensions, China’s Retaliation & U.S. Manufacturing Rebound

Markets are digesting Trump’s 30-day tariff suspension for Mexico & Canada, but the real action is with China’s countermeasures. With new 10% tariffs on Chinese imports, Beijing is hitting back with fresh levies on U.S. goods and an antitrust probe into Google.

Meanwhile, U.S. manufacturing is turning a corner—both S&P Global’s PMI and ISM Manufacturing point to a long-awaited expansion. Elsewhere, France’s deficit is shrinking, and Japan’s bond yields are surging as market sentiment shifts.

What’s next? JOLTS Jobs Report this Tuesday will give us more clues. Tune in for the full breakdown.

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