Tuesday's News Links

[CNBC] Stocks fall after S&P 500 snaps 9-day winning streak, investors await Fed decision: Live updates

[Reuters] 'Asian crisis in reverse' as currencies soar on the dollar

[CNBC] Treasury yields hold steady as traders await start of Fed policy meeting

[Reuters] US trade deficit surges to record high in March

[CNBC] Trump trade tariffs slump widens to ‘nearly all U.S. exports,’ supply chain data shows

[Yahoo/Reuters] EU plans tariffs on 100 billion euros of US goods if talks fail, Bloomberg News reports

[Yahoo/Bloomberg] Trump, Carney to Meet With $900 Billion Relationship on the Line

[AP] Threatened by Trump tariffs, Japan walks a delicate tightrope between US and China

[Reuters] M&A deal signing hits 20 year-low after Trump's 'Liberation Day'

[Reuters] Taiwanese life insurers' portfolios have billions of unhedged dollars

[Yahoo/Reuters] China's services growth hits 7-month low as tariffs bite, Caixin PMI shows

[Politico] Germany in turmoil as Merz loses vote to be chancellor. What next?

[Axios] Trump's new nationalism

[Bloomberg] Taiwan Forwards at Two-Decade Extreme Signal More US Dollar Pain

[Bloomberg] One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War

[Bloomberg] Xi Urges EU to Join Forces Against Unilateralism in Swipe at US

[Bloomberg] Trump’s Tariffs Are Already Wreaking Havoc on Holiday Shopping

[Bloomberg] Canada’s Goods Exports to US Fall Most in Five Years After Tariffs

[Bloomberg] China Services Activity Slips, Adding Risk of Rapid Slowdown

[Bloomberg] Xi Heads to Russia on Mission to Weaken US Power on World Stage

[Bloomberg] Goldman Says Bear Market Rallies Are the Norm

[WSJ] Fed Confronts Lose-Lose Scenario Amid Haphazard Tariff Rollout

[WSJ] Canada’s Carney Seeks New Deals From Talks With Trump

[WSJ] Republicans Flesh Out Trump’s ‘No Tax on Overtime’ Idea—With Limits

[FT] Mark Carney faces trade challenges in crucial meeting with Donald Trump

[FT] China’s diplomatic charm offensive

[FT] European and Asian carmakers face steep shipping costs to US on top of tariffs

[FT] Friedrich Merz fails in initial vote to become Germany’s chancellor

Monday Evening Links

[CNBC] S&P 500 futures are little changed as Wall Street looks to Fed policy meeting: Live updates

[Reuters] S&P 500 snaps 9-session win streak after latest Trump tariff

[Axios] Trump's everything menu on taxes

[AP] Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

[Reuters] Ukraine targets Moscow with drones for second straight night, officials say

[Bloomberg] Asian Currencies in Focus After Dollar’s Slide: Markets Wrap

[Bloomberg] CBO Chief Still Sees US Treasury ‘X-Date’ Coming Late Summer

[Bloomberg] California Warns of 9% Drop in Foreign Visits in Trump Backlash

[Bloomberg] US Space-Based Missile Defense Could Cost $542 Billion, CBO Says

[Bloomberg] Milken Crowd Warms Up to Tariffs While Condemning All the Chaos

[FT] No quick fix for trade rift between China and US

Monday Afternoon Links

[Yahoo/Bloomberg] Stocks Trim Drop as Solid Data Spur Bond Losses: Markets Wrap

[AP] Federal Reserve likely to defy Trump, keep rates unchanged this week

[Yahoo/Reuters] Bessent says Trump's tariff, tax-cut, deregulation agendas will drive investment to US

[Yahoo Finance] Treasury Secretary Scott Bessent aims to soothe nerves of international investors

[Bloomberg] Dollar’s Plunge in Asia Stuns Investors and Spreads Across Globe

[Bloomberg] Growth at US Service Providers Picks Up After Slumping in March

[Bloomberg] Companies Piled Up Commercial Paper in April to Bolster Cash

[Bloomberg] MIT Joins Deluge of Colleges Selling Bonds Amid Funding Threats

[Bloomberg] Bessent Touts US as ‘Premier Destination’ for World Capital

[Bloomberg] Bezos-Backed Nuclear Fusion Firm Makes Plea Over Funding Squeeze

[NYT] Buy American? No Thanks, Europe Says, as Tariff Backlash Grows.