Tuesday's News Links

[CNBC] U.S. stocks tick lower after S&P 500 posts back-to-back gains: Live updates

[Yahoo/Bloomberg] US Will Impose 21% Tariff on Mexican Tomatoes Starting in July

[Yahoo Finance] BofA's Moynihan says 'we potentially face a changing economy' after stock traders post record haul

[Yahoo/Bloomberg] US Economy Is Set to Lose Billions as Foreign Tourists Stay Away

[Axios] Our Latin American friends

[Reuters] At China's largest trade fair, exporters say US markets are 'frozen'

[Reuters] Chinese official says US tariff aims to 'take away Hong Kong's life'

[Reuters] China's murky bankruptcies expose hazards for foreign investors

[Bloomberg] Dollar’s Link to US Treasury Yields Weakens as Confidence Cracks

[Bloomberg] Will Policy Chaos Trigger a Flight From the Dollar?

[Bloomberg] Treasury Term Premium Jumps to Decade High on Policy Uncertainty

[Bloomberg] China Orders Boeing Jet Delivery Halt as Trade War Expands

[Bloomberg] New York Manufacturing Contracts While Outlook Slumps on Tariffs

[Bloomberg] Japan Super-Long Yield Premium at Widest Since 2002 Amid Tariffs

[Bloomberg] Trump’s China Ship Fees Set to Hit Global Shipping Giants

[Bloomberg] Avoid US or Take Burner Devices, Canadian Executives Tell Staff

[Bloomberg] China Shadow Bank That Oversaw $108 Billion Faces Liquidation

[NYT] Trump’s Dilemma: A Trade War That Threatens Every Other Negotiation With China

[WSJ] Trump’s Trade War Deepens Threat to U.S. Brands in China

[WSJ] Bank Trading Desks Are Minting Money From Trump’s Tariff Chaos

[WSJ] China’s Port Cargos Start to Slow as Tariff Tensions Escalate

[WSJ] U.S. Freezes Billions in Funding After Harvard Says It Will Fight Trump’s Demands

[WSJ] U.S. Softens Position on Iranian Uranium Enrichment

[FT] Off-the-run credit liquidity is the worst since March 2020

[FT] Trade, tech and Treasuries: China holds cards in US tariff stand-off

[FT] Trump team has not said what it wants in trade talks, says EU

[FT] How Wall Street got Donald Trump wrong

[FT] Trump is halfway to making America a police state

[FT] Top Trump official tells Europe to choose between US or Chinese communications tech

[FT] Xi Jinping urges Vietnam to oppose Donald Trump’s tariff ‘bullying’

[FT] France risks ‘irreversible’ harm from overspending, PM warns

Monday Evening Links

[CNBC] U.S. stock futures slide after S&P 500 posts back-to-back gains: Live updates

[AP] Confusion reigns after Trump exempts electronics from new tariff regime. Here’s what we know

[Yahoo/Reuters] Waller: Tariffs a major shock, with wide array of possible outcomes

[Yahoo Finance] Fed's Waller warns high tariffs could push inflation near 5% while economy slows 'to a crawl'

[Yahoo/Reuters] Jamie Dimon sells about $31.5 million worth of JPMorgan shares

[Yahoo/Bloomberg] Trump Targets NPR, PBS, Foreign Aid in $9 Billion Spending Cut

[Yahoo/Bloomberg] Tariff-Fueled Market Rout Cost Chicago’s Pensions $1 Billion

[Politico] Trump’s economic tumult tests the oil industry’s patience

[Bloomberg] Bessent Says ‘Everything’s On the Table’ for Taxes on Wealthiest

[Bloomberg] Bessent Says Treasury Has Big Toolkit If Needed for Bonds

[Bloomberg] Bond-Market Rebound Relieves Markets Dazed by Trade Turmoil

[Bloomberg] Latin America Is Stuck in the Middle of Trump’s China Trade War

[WSJ] Xi Jinping’s Anti-Tariff Tour

[WSJ] Putin’s Latest Answer to Trump’s Cease-Fire Proposal

[FT] Risky corporate borrowers shut out of bond market since Trump’s tariff blitz

[FT] US takes step towards chip and pharma tariffs with new probes

[FT] Harvard University rejects Trump administration’s demands for reform

Monday Afternoon Links

[CNBC] Dow gains 200 points in choppy trading, Apple climbs 3%: Live updates

[Yahoo/Bloomberg] Dollar’s Losing Run Shows Wall Street Angst With Tariff U-Turns

[Yahoo/Bloomberg] Oil Swings as Progress on Iran Talks Undercuts Tariff Reprieve

[Yahoo Finance] Why Tesla, GM, and Rivian will be hurt most by China's critical minerals export ban

[Reuters] Iranian foreign minister to visit Moscow ahead of second Iran-U.S. meeting

[Bloomberg] Credit Market Rout Has Ways to Go Before Fed Steps In, UBS Says

[Bloomberg] Financial Crisis Is One Scenario in US Trade War, Scope Ratings Says

[Bloomberg] CLO Market Poised to Freeze, Raising Risk to Leveraged Loans

[Bloomberg] Trump Again Accuses Zelenskiy of Starting War as Talks Grind On

[WSJ] Canadian Property Market Hurt by Tariff Concerns

[FT] Top Federal Reserve official says US could require rate cuts if big tariffs return

[FT] Dark days for the less-mighty dollar

[FT] The narrow window for a nuclear deal with Iran