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🤝 Xi Jinping Calls on the EU to Unite Against U.S. "Unilateral Pressure"

The Chinese leader has urged the European Union leadership to defend multilateralism and global justice, countering actions from Washington.

⚫ Direct Quote Hinting at the U.S. Xi stated that China and the EU must “resist unilateral bullying,” protect justice, and promote “inclusive globalization.” ⚫ Beijing Lifts Sanctions Against EU Parliament Members Measures imposed in 2021 in response to criticism over Xinjiang are no longer in effect. This step aims to restore full dialogue. ⚫ Invitation for EU Leaders Xi invited Ursula von der Leyen and António Costa to China for a new round of negotiations. ⚫ EU Reminds of Trade Claims At the event in Beijing, EU Ambassador Jorge Toledo reminded of the trade imbalance and China’s closed market. The EU is ready for efforts but awaits similar steps from Beijing. Beijing is seizing the moment to move closer to the EU amid Trump's sharp policies and the U.S. attempts to isolate China. However, real rapprochement will depend on economic concessions from China. ⚡ECONOMY NEWS⚡

💼 Trump Hints: First Trade Deals Could Be Announced This Week

The U.S. President stated that he could announce the first trade agreements in the coming days — but the final decision will be his.

⚫ “I Decide” Trump told reporters that negotiations are ongoing with many countries, but the deals will be made individually. He added, “I make the deal — not them.” ⚫ Contacts with China Are Ongoing Trump confirmed that his team is in dialogue with Beijing. China has also indicated that it is ready to soften its stance — which has helped stabilize the markets. ⚫ First Deals: India, Japan, South Korea According to Vice President Vance, negotiations with India are in the final stages. Japan expects to sign an agreement by June. ⚫ Key Risks Remain Experts note that comprehensive trade agreements require months of work. The markets remain tense, and U.S. GDP contracted for the first time in three years. If Trump begins announcing deals this week, it could temporarily support the markets. However, trade uncertainty is here to stay. ⚡ECONOMY NEWS⚡

💥 Trump’s Trade Chaos — A Strategy for the White House, A Headache for the Fed

The uncertainty in trade policies is hindering businesses and putting the Federal Reserve in a bind: it’s unclear what will happen with inflation and interest rates.

⚫ Impossible to Plan Both small and large companies in the U.S. are struggling to make forecasts: How much will they pay for imports? How do they set prices and margins? One retailer ordered stockings from China worth $80,000 — but could end up paying $200,000. ⚫ The Fed Can’t See the Economy’s Trajectory Tariffs can simultaneously fuel inflation and slow growth. This leads to contradictory scenarios — the Fed can’t accurately determine whether to raise or lower rates. ⚫ "Strategic Uncertainty" — Official Tactic The U.S. Treasury refers to Trump’s approach as "strategic uncertainty": no one knows the end goal, and this is supposedly an advantage in negotiations. But the economy and markets are suffering from the lack of clarity. ⚫ Markets and Businesses Are Flying Blind The Fed, Morgan Stanley, JPMorgan, Citibank — all are modeling multiple scenarios at once. Even United Airlines and the Bank of Canada are giving dual forecasts — with and without a trade war. 📌 Even if the U.S. signs its first deals — many tariffs will remain. The base tariff of 10% and fees on metals, cars, semiconductors, and pharmaceuticals will stay. If uncertainty persists, the Fed risks making the wrong policy moves, and businesses may end up with no goods and losses by Christmas. ⚡ECONOMY NEWS⚡

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💰 Musk’s DOGE Takes Aim at Fed Spending

Elon Musk’s government efficiency team is targeting the Federal Reserve's costly renovation project, a move that could add pressure to reduce government spending.

⚫ $2.5B Renovation Questioned Musk is challenging the Fed’s $2.5B renovation project for its Washington, D.C. headquarters, citing wasteful spending of taxpayer dollars. The renovation costs skyrocketed due to inflation and labor issues, raising Musk’s concerns. ⚫ DOGE Eyeing Fed’s Budget Musk said DOGE should examine how the Fed is spending its budget. He suggests that the massive costs are unnecessary and the money should be used more effectively. ⚫ DOGE’s Oversight on Sensitive Data Musk defended DOGE's access to sensitive government data, arguing that it’s crucial to prevent $162 billion in improper government payments. Critics have raised concerns about privacy, but Musk sees it as a necessary step to eliminate waste. ⚡ECONOMY NEWS⚡

🇺🇸 Trump on Tariffs: "We Are Not Rushing into Deals"

The U.S. President acknowledged that his tariffs pose a political risk, but stated he won't rush into trade deals to please investors.

⚫ Trump on Political Instability Threats 💬 "The tariffs might intensify perceptions of my work, but I am an honest man — we must save the country." 💬 "Deals with South Korea, Japan, and India are in progress, but we are not in a hurry." 💬 "Consumers won't suffer, China will eventually make concessions." ⚫ Talks with China 💬 "There is a good chance to strike a deal with China, but only on our terms." 💬 No official negotiations yet, China must make the first move. ⚫ Economy and Investors 💬 Trump: "The economy is the result of our actions, not Biden's." 💬 Forecasts: reduced investments, shrinking S&P 500, low consumer demand. 💬 Despite this, Trump believes the tariffs stimulate growth in new factories and jobs. Investors continue to await the shift to active trade negotiations, but Trump emphasizes that solving this requires time. ⚡ECONOMY NEWS⚡

🇺🇸 Trump: "China Will Absorb the Tariffs" — This Won't Hurt the U.S.

The U.S. President predicted that China would compensate for the effects of the 145% tariffs and described the restrictions as "almost an embargo" — and "well-deserved."

⚫ What Did Trump Say? 💬 "China will likely absorb these tariffs." 💬 "They were earning $1 trillion a year, robbing us like no one else." 💬 "This is good. They deserve it." 💬 He called for no surprise at rising prices — this is a "period of transformation." ⚫ Market Reaction: 💬 Temu and Shein have already raised prices: up to +51% in the U.S. 💬 The White House had previously hinted at a tariff reduction for 5 years. 💬 Official talks with China have not yet started. 💬 The Treasury Department: China could lose up to 10 million jobs. Amidst the blows to imports, Washington continues to claim that the trade war is about "restoring fairness." But consumers are already feeling the effects. It seems the tariffs will "bite" not only China. ⚡ECONOMY NEWS⚡

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The crypto industry is set to explode, with the market projected to reach a $5.5 billion valuation by 2033, driven by 13% annual growth starting in 2025.

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🚗 European Auto Giants Scrap Forecasts Amid Tariff Chaos

Stellantis, Mercedes, and Volvo are removing their financial guidance for the year — Trump's tariffs are making business unpredictable.

⚫ What’s happening? 💬 Mercedes and Stellantis have withdrawn their forecasts for 2025. 💬 Mercedes: margins could drop to 3% at the current tariff levels. 💬 Porsche has reduced its profit forecast, Volvo is cutting expenses by $2 billion. 💬 Trump has introduced some relaxations, but key decisions on China remain in question. 💬 S&P has lowered its global auto production forecast by 1.56 million vehicles. ⚫ Industry consequences: 💬 Manufacturers are unable to calculate costs due to tariff instability. 💬 Auto giants are looking for ways to localize production: Mercedes may move model production to the U.S. 💬 Aston Martin is limiting U.S. shipments and selling off remaining stock. The automotive industry is on the front lines of the tariff war. Even short-term relaxations will not offset the strategic uncertainty: with no clarity on China, the industry will continue to reduce its forecasts. ⚡ECONOMY NEWS⚡

💶 ECB Prepares for Rate Cuts Amid Trade Risks

The European Central Bank is preparing to cut interest rates in June, anticipating negative effects from U.S. tariff policies and a general slowdown in the economy.

⚫ Why the market expects a rate cut: 💬 Rising uncertainty after the IMF meeting: Trump's tariffs will hit investments and consumption. 💬 Strengthening of the euro, falling energy prices, and tight fiscal policy are pressuring inflation. 💬 PMI data and the IMF forecast point to weaker growth: +0.8% instead of the expected +1% in 2025. ⚫ ECB's position and internal disagreements: 💬 The deposit rate stands at 2.25%, with a forecasted cut to 1.5% by the end of the year. 💬 Conservative members (Knott, Kazaks) oppose aggressive cuts, citing long-term risks. 💬 President Lagarde: "We must be highly data-dependent." ⚫ Inflation is close to target levels: 💬 Inflation is expected to fall to 2% in the second half of the year. 💬 Expectations for price growth in 2027 will be a key factor in future decisions. 💬 France and Slovakia are confident: "Tariffs will not cause additional inflation in Europe." ⚫ What's next: 💬 The first GDP growth estimate for the Eurozone in Q1 (+0.2%) will be published this week. 💬 The full trade consequences of tariffs will be visible only after the end of the U.S.'s 90-day delay in July. 💬 A more flexible monetary policy could be possible if the outlook worsens. The ECB is moving toward rate cuts but will act cautiously due to ongoing external risks. ⚡ECONOMY NEWS⚡