US Presi. Trump: ‘At some point, I’m going to lower tariffs’ on China

Speaking over the weekend on tariffs announced on Chinese imports, US President Donald Trump said that “At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much.”

When asked if there will be trade deals this week, he said there 'could be.”

Additional comments

Has no plans to speak with Xi this week.
Talking about other matters with China.

May 5, 2025

WTI tumbles below $56.00 as OPEC+ accelerates output hikes

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $55.75 during the Asian trading hours on Monday. The WTI price falls after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to surge production by 411,000 barrels per day in June.

Australian Dollar extends gains as PM Albanese secures a second three-year term

The Australian Dollar (AUD) is extending its gains against the US Dollar (USD) for a second consecutive session on Monday.