Wednesday, April 23, 2025

Wednesday Afternoon Links

[Yahoo/Reuters] Wall Street rallies as worries about tariff war, Powell tenure subside

[Yahoo/Reuters] US, China tariffs need to fall for trade talks to start, Bessent says

[Yahoo/Reuters] US Treasury's Bessent urges IMF, World Bank to refocus on core missions

[Yahoo Finance] US economic output hits 16-month low in April, expectations crater

[AP] Bessent assails IMF and World Bank and says there’s an ‘opportunity for a big deal’ with China

[Yahoo Finance] Bessent says IMF and World Bank 'falling short' as he calls for rebalancing of international financial system

[AP] Trump says Zelenskyy is prolonging war in Ukraine by resisting calls to cede Crimea to Russia

[Bloomberg] Bessent Says No Unilateral US Offer to Cut Tariffs on China

[Axios] Scoop: Musk vs. Bessent dispute erupted into West Wing shouting match

[Bloomberg] Lagarde Says Powell Is Doing What Is Needed to Serve US People

[WSJ] White House Considers Slashing China Tariffs to De-Escalate Trade War

[WSJ] Why Trump Decided Not to Try to Fire Jerome Powell

[WSJ] Grant: ‘Our Dollar, Your Problem’ and ‘King Dollar’: The Currents of Currency

[FT] Trump and the art of the retreat

[FT] Scott Bessent warns mutual de-escalation required in US-China trade war

[FT] Scott Bessent accuses IMF and World Bank of ‘mission creep’

[FT] Donald Trump attacks Ukraine for not recognising Russian occupation of Crimea

[FT] IMF predicts Trump tariffs could drive public debt to postwar high

[FT] Jane Street trading revenues nearly doubled in 2024 to more than $20bn

[FT] UK borrowing soars as business activity contracts at fastest rate for 2 years

[FT] Richard Branson slams Donald Trump’s ‘erratic’ tariffs