Tuesday's News Links

[CNBC] S&P 500 gains after light inflation data as stocks look to extend Monday’s rally: Live updates

[AP] Asian shares gain after Wall Street’s rally, but hopes are tempered by trade war uncertainties

[Yahoo/Reuters] Oil falls as concerns over rising supplies overshadow US-China trade relief

[CNBC] Annual inflation rate hit 2.3% in April, less than expected

[Yahoo/Reuters] US small business sentiment declines further in April

[Yahoo/Bloomberg] SALT, Tips and Auto Loans: A Guide to the House GOP Tax Bill

[CNBC] China sees the U.S. trade deal as a huge win for Beijing

[CNBC] U.S.-China trade war pushed global supply chain near breaking point, new data shows

[AP] House GOP reveals Trump’s tax breaks for tips, overtime and car loans, but costs run high

[Axios] China's Xi slams "bullying," says there are "no winners" in trade wars

[Reuters] US tariff pause on Beijing puts pressure on 'China-plus-one' countries

[AP] China seeks a united front with Latin America in countering Trump’s trade war

[Yahoo/Reuters] China, Latin America trade exceeded $500 billion in 2024

[Reuters] BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes

[Bloomberg] China-US Truce Prompts Price Jump in Pacific Shipping Frenzy

[Bloomberg] Dollar’s Big Bounce Meets a Wall of Doubt in Options Market

[Bloomberg] India Proposes First Counter Move Against Trump’s Tariff Regime

[Bloomberg] Rising Yields Fray Nerves Going Into Japan’s 30-Year Bond Sale

[Bloomberg] Taiwan Insurers Hit by Losses in April on US Dollar Slump

[NYT] As Foreign Tourists Stay Away, U.S. Could Lose $12.5 Billion This Year, Tourism Group Says

[WSJ] China Exults in Trump’s Tariff Pullback

[WSJ] Trump’s China Deal Makes Sense. How He Got Here Doesn’t.

[WSJ] Worried About the Economy, America’s Small Businesses Are Reducing Investment and Hiring, Survey Shows

[WSJ] Trump’s Disruptive Trade Agenda Is Giving Way to Scaled-Back Deals

[WSJ] China Is Building Megaports in South America to Feed Its Need for Crops

[FT] China’s Xi Jinping backs Panama against US over canal

Monday Evening Links

[CNBC] Stock futures are flat after big rally, key inflation report on deck: Live updates 

[AP] Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war

[AP] What’s next with Trump’s trade war truce with China

[CNBC] Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit

[AP] Modi says India has only paused military action after it and Pakistan stop firing at each other

[Bloomberg] SALT, Tips and Auto Loans: A Guide to the House GOP Tax Bill

[Bloomberg] China Tariff Relief Spurs Shipping Rush, Price Hike U-Turn

[WSJ] The Great Trump Tariff Rollback

[WSJ] Ron Johnson: The Ugly Truth About the ‘Big Beautiful Bill’

[WSJ] Drugmakers Spared Worst-Case Drug Pricing Scenario for Now

[WSJ] Trump Sends Message to World: He’s Open for Business

[FT] Who blinked first? How the US and China broke their trade deadlock

Monday Afternoon Links

[AP] Dow jumps 950 and S&P 500 climbs 2.6% following a 90-day truce in the US-China trade war

[Yahoo/Bloomberg] Oil Leads Commodity Rally After US-China Truce as Gold Retreats

[Bloomberg] Americans Hit the Road as Economic Fears Discourage Flying

[AP] Trump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs

[Yahoo Finance] Fed's Kugler warns Trump tariffs will push up prices and push down incomes

[Bloomberg] Xi Defiance Pays Off as Trump Meets Most Chinese Trade Demands

[Bloomberg] House Tax Bill Draft Calls for $30,000 SALT Deduction Limit

[Bloomberg] Modi Says India’s Reaction Is ‘New Normal’ in Pakistan Relations

[WSJ] Proposal Cutting Medicaid Aims for GOP Middle Ground