Bonds & Stocks
Stocks struggled for traction as traders worried about the economic implications of tariffs while parsing the latest batch of earnings. The dollar weakened and bond yields rose.
Economy
Trump declared victory while hinting that tough negotiations are still ahead. “I am very pleased with this initial outcome, and the Tariffs announced on Saturday will be paused for a 30 day period to see whether or not a final Economic deal with Canada can be structured,” said the president, who has taken aim at the US trade deficit with Canada.
World
China retaliated against Donald Trump's trade war tariffs by targeting a handful of American companies and imposing levies on some US goods, in a move designed to avoid escalating tensions between the world's biggest economies.