trade truce

China signals willingness to accept existing US tariff levels while seeking to extend the current trade truce. Beijing hopes Washington will honor previous understandings, aiming to stabilize economic ties. Discussions are expected to focus on extending the one-year agreement and reducing unilateral tariffs.

President Trump has yet to approve a proposed deal with Iran, emphasizing that any agreement must meet his conditions, including preventing Iran from acquiring nuclear weapons. While discussions continue, Iran denies negotiating under US dictates. The uncertainty impacts energy markets, with regional tensions also escalating between Iran, the US, and Israel-Hezbollah.

AIADMK faces internal turmoil as Hosur MLA P Balakrishna Reddy backs Edappadi K Palaniswami, signaling a potential truce. This follows multiple rebel MLAs submitting apology letters to avoid disqualification after voting against party lines. The party's strength in the Assembly has dwindled due to recent resignations, intensifying a 'horse-trading' row.

Oil prices remained elevated as markets awaited confirmation of a fragile US-Iran ceasefire, with Brent crude trading near $100 per barrel. Asian shares rose, led by Japan's Nikkei hitting a record high, though caution persisted regarding the impact of the ongoing conflict on global energy markets.

Oil prices fluctuated as US-Iran talks showed signs of progress, clashing with US military strikes on Iranian missile sites and vessels. Hopes for the Strait of Hormuz reopening were dampened by fresh clashes, adding to market uncertainty after a major energy shock.

The US has proposed a plan to de-escalate tensions between Israel and Lebanon, urging Hezbollah to halt attacks in exchange for Israel refraining from escalation in Beirut. Meanwhile, President Trump has reportedly sent back a proposed agreement with Iran for further revisions, seeking tougher provisions and guarantees against nuclear weapons.

On Tuesday, Kyiv was jolted by drone strikes, shattering a fragile three-day ceasefire brokered by President Donald Trump. The capital's air raid sirens, silent since Friday, echoed through the streets as Ukrainian defenses sprang into action. Both warring parties had already exchanged blame for previous ceasefire breaches, undermining Trump's hopes for a lasting peace.

Presidents Xi and Trump are set for a crucial summit, aiming for stability despite deep-seated issues like tech rivalry and Taiwan. While a trade deal might emerge, it won't end the underlying friction. China's focus on domestic chip production and its stance on Taiwan, deemed the 'biggest risk,' will also be key discussion points. The US may also expect China's mediation in ending the Iranian mess.

Russia resumed attacks on Ukraine with drone strikes on Kyiv as a three-day truce expired, while one person was killed in Dnipropetrovsk. Moscow claims to have downed 27 Ukrainian drones. Despite hopes for peace, both sides accused each other of violations during the ceasefire, with President Zelensky stating fighting continued.

President Trump's Beijing visit concluded without major breakthroughs, highlighting a widening gap in core interests between the US and China. While projecting stability, the meetings revealed limited cooperation on issues like Iran and Taiwan, with trade offering the only tangible deliverables. Both leaders claimed victory, entering a transactional phase focused on leverage.

Oil prices saw a slight uptick as traders awaited crucial talks between US President Trump and China's Xi Jinping. Lingering concerns over the Strait of Hormuz disruptions and the ongoing Middle East conflict are keeping markets on edge. Despite US pressure, China's continued reliance on Iranian oil adds complexity to potential resolutions.

The Trump-Xi summit yielded no major breakthroughs, with both leaders sticking to their strategic interests, particularly concerning Taiwan. Russia's intensified attacks on Ukraine, met with Ukrainian drone strikes deep into Russia, highlight Moscow's continued aggression. Latvia's government collapsed over a drone incident, underscoring regional security concerns. Meanwhile, a joint US-Nigeria operation eliminated the Islamic State's No. 2 leader in Nigeria.

President Trump embarks on a crucial three-day visit to China, set to engage in high-stakes talks with President Xi Jinping. Discussions will span critical global issues including the Middle East conflict, Taiwan, AI, and nuclear weapons. Business leaders are accompanying Trump, signaling a focus on trade and potential new deals, as both nations navigate complex economic and security landscapes.

US President Trump expressed optimism for his upcoming visit to China and meeting with President Xi Jinping, anticipating positive outcomes for both nations. Accompanied by prominent business leaders, Trump aims to discuss trade, Iran, tariffs, and AI, seeking to strengthen US economic and national security interests.

Xi dealt with Trump as his equal, pitting Beijing’s grand strategic concerns against Washington’s transactionalism. Yes, both sides outwardly agreed on some issues. But Beijing is playing a long game

Iran's chief negotiator insists Washington must accept Tehran's peace plan, warning of continued failure otherwise. President Trump, however, deemed Iran's response 'unacceptable,' escalating tensions. The ongoing conflict has triggered an energy shock, spiking oil prices and threatening global supply chains. Fighting also persists in Lebanon, with Hezbollah vowing to make the battlefield 'hell' for Israel.