Wall Street is now expecting Trump-Xi call and de-escalation of trade. Tech and Cold War between US and China US stock futures fell on June 3, 2025, with S&P 500 contracts dropping 0.4%, reflecting investor concerns over the Trump administration’s trade policies. The OECD’s latest Economic Outlook released the same day, slashed global growth forecasts from 3.3% to 2.9% for 2025 and 2026, citing heightened trade barriers and policy uncertainty. The US economy is projected to slow significantly, with GDP growth expected at 1.6% in 2025, down from 2.8% in 2024, due to tariffs disrupting global commerce, raising consumer costs, and dampening business investment. Inflation is also expected to rise, with US headline inflation projected at 3.2% in 2025, up from 2.8%, potentially forcing the Federal Reserve to maintain higher interest rates. The OECD highlighted severe impacts on Canada and Mexico, with Canada’s growth cut to 0.7% and Mexico facing a 1.3% GDP contraction in 2025,...

  Trump vowed to pass a Tax cut bill and secure America “Passing THE ONE, BIG, BEAUTIFUL BILL is a Historic Opportunity to turn our Country around after four disastrous years under Joe Biden. We will take a massive step to balancing our Budget by enacting the largest mandatory Spending Cut, EVER, and Americans will get to keep more of their money with the largest Tax Cut, EVER, and no longer taxing Tips, Overtime, or Social Security for Seniors — Something 80 Million Voters supported in November. It will unleash American Energy by expediting permitting for Energy, and refilling the Strategic Petroleum Reserve. It will make American Air Travel GREAT AGAIN by purchasing the final Air Traffic Control System. We will secure our skies from our adversaries by building The Golden Dome, and secure our Border by building more of our Wall, and supercharging the deportation of the millions of Criminal Illegals Joe Biden allowed to walk right into our Country. It will kick millions of Ille...

Trump is also trying to decouple the EU, the ‘Mini China’, but often ‘worse’ than China The European Union has reportedly not received a letter from the Trump administration demanding "best offers" on trade negotiations by Wednesday, despite a draft letter from the U.S. Trade Representative’s office indicating urgency to finalize deals before a July 9 tariff deadline, according to Reuters. EU Trade Commissioner Maroš Šefčovič is scheduled to meet U.S. Trade Representative Jamieson Greer later this week, with further talks planned on the sidelines of the OECD Ministerial Council Meeting in Paris on June 3-4. This development follows a U.S. push for countries, including the EU, Vietnam, Japan, and India, to submit comprehensive trade proposals, including tariff reductions and commitments on digital trade and economic security. The EU, maintaining its offer of mutual zero tariffs on industrial goods, has gained leverage after a U.S. court questioned the legality of Trump’s ...

The U.S. has presented Vietnam with a comprehensive and challenging set of demands in ongoing tariff negotiations, with a key focus on reducing Vietnam's reliance on Chinese supply chains, according to Reuters. This push aligns with U.S. concerns about Vietnam's role in transshipment, where Chinese goods are allegedly rerouted through Vietnam to evade U.S. tariffs, a practice Washington wants Hanoi to curb. Vietnam's economy, heavily dependent on exports to the U.S.—its largest market, accounting for about 30% of its total exports—faces significant pressure, as a 46% tariff could jeopardize 5.5% of its GDP Vietnam has shown willingness to negotiate, offering to cut tariffs on U.S. goods like LNG, automobiles, and ethanol, and to increase purchases of American defense and agricultural products. However, the demand to decouple from Chinese supply chains is particularly complex, given Vietnam's deep economic ties with China, which supplies 60% of the fabrics for its garm...

Reports: Trump administration wants nations’ best offer by Wednesday in tariff talks - draft of request. The Trump administration wants nations to give their best offer on trade discussions by Wednesday as officials look to speed up talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners. The US is asking nations to list their best proposals in a number of key areas, including tariff and quota offers for the purchase of US industrial and agricultural goods and plans to rectify any non-tariff barriers. The Trump administration has set a Wednesday deadline for countries to submit their best trade proposals, as outlined in a draft letter from the U.S. Trade Representative’s office. This push aims to accelerate negotiations with multiple trading partners before a self-imposed July 8, 2025, deadline, following a 90-day tariff pause initiated on April 9, 2025. The U.S. is requesting detailed offers on tariff re...

Trump trying to call Xi after accusing China of deal violation According to a CNBC report published on June 2, 2025, a senior White House official stated that President Donald Trump and Chinese President Xi Jinping are expected to speak "very soon," probably by this week. This follows Trump's Friday Truth threatening China for violation of the Geneva tariff pause deal. China Slams US for Violating Geneva Trade Deal, Vows to Defend Interests On early Asian Monday, June 2, 2025, the Chinese Commerce Ministry (MOFCOM) accused the United States of a "serious violation" of theGeneva trade consensus, rejecting claims by President Donald Trump that China breached the agreement. The Geneva talks, held May 10-11, 2025, resulted in a joint statement announcing a 90-day pause on reciprocal tariffs. MOFCOM specifically criticized recent U.S. actions, including new AI chip export control guidelines, halting sales of chip design software to China, and revoking visas ...