A mix of bullish catalysts is poised to lift investor sentiment Wednesday, as President Donald Trump confirmed a China trade deal and fresh inflation data came in softer than expected for May.
Trump declared a sweeping new trade agreement with China via Truth Social following two days of negotiations in London, suggesting major concessions from Beijing and lighter U.S. obligations.
“Full magnets, and any necessary rare earths, will be supplied, up front, by China,” Trump said, adding that the U.S. would reciprocate by allowing Chinese students access to U.S. colleges.
The deal, pending final approval with Chinese President Xi Jinping, includes a significant tariff shift. The U.S. will continue applying tariffs totaling 55% on selected Chinese imports, while China will impose a 10% tariff rate on U.S. goods.
Inflation Rises Less Than Expected In May, Easing Tariff Anxiety
U.S. consumer inflation was softer than expected in …