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11 Apr 2025

White House: Tariff rate on China remains at 145%

White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.

Key Takeaways

  • Trump has made it clear he is open to a deal with China.
  • Tariff rate on China remains 145% level.
  • Treasury Secretary keeping very close eye on bond market.
  • More than 15 trade offers already on table.
  • Trump hopes deals will be made before 90 days are up.
  • When 90-day mark hits, Trump will make decision.
Apr 11, 2025

United States Baker Hughes US Oil Rig Count dipped from previous 489 to 480

United States Baker Hughes US Oil Rig Count dipped from previous 489 to 480
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Apr 11, 2025

Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate

Federal Reserve (Fed) Bank of Boston President Susan Collins noted that the Fed has multiple monetary policy tools available and at its disposal should market conditions require them, but the Fed policymaker used the opportunity to push against the idea of the Fed using rate cuts first.
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