Thursday Afternoon Links

[Yahoo/Bloomberg] Treasury Rally Stalls as ECB Sparks Euro-Zone Bond Selloff

[Yahoo/Bloomberg] Tesla Tumbles After Musk Escalates Attacks on Trump Tax Bill

[AP] Trump says after Xi call that US and China will resume trade talks

[Axios] China's trade war gambit puts Trump on defense

[Reuters] The world's auto supply chain is in the hands of a few Chinese bureaucrats

[Reuters] Auto companies face shortages due to China's rare earth restrictions

[Yahoo/Reuters] US trade deficit narrows sharply in April; imports post record drop

[Yahoo Finance] Fed’s Kugler looks to hold rates steady as she warns of higher inflation from Trump's tariffs

[Axios] Musk goes nuclear: "Without me, Trump would have lost the election

[AP] Trump and Musk’s relationship flames out just as it started, intensely and publicly

[Yahoo/Reuters] Citadel CEO worried by rising cost of US default insurance

[Bloomberg] China Skips US Oil Purchases for Second Month on Trade Impasse

[NYT] Red Sea Passage Remains a No-Go for Shipping Despite U.S. Action

[WSJ] Trump Says He Discussed Trade, Rare Earths in Call With China’s Xi

[FT] Donald Trump and Xi Jinping agree to launch new round of trade talks

[FT] BlackRock’s Larry Fink sounds alarm over rising US deficit

[FT] Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

[FT] Christine Lagarde signals ECB rate-cutting ‘nearly concluded’