Washington and Beijing strike a fragile truce in London, easing rare earth curbs and export controls—but with limits in place, global trade stability remains uncertain.

U.S. and Chinese officials said they had agreed on a framework to get their trade truce back on track and remove China's export restrictions on rare earths.

Bitcoin's decline today is influenced by US-China trade deal outcomes and geopolitical tensions involving Israel and Iran. The potential for future Federal Reserve rate cuts is increasing despite a slight decline in May's headline inflation figures.

A Boeing 737 MAX 8, the second jet intended for use by a Chinese airline to be returned to its manufacturer, lands at Boeing Field, as trade tensions escalate over U.S. tariffs with China, in Seattle, Washington, U.S. April 22, 2025. REUTERS/David Ryder/File Photo

The move is a clear counterpoint to US President Donald Trump’s tariff regime that could hit some African nations with duties as high as 50%.

The S&P 500 posted a 0.27% decline on Wednesday as investors weighed Trump’s scant-on-details trade deal with China as well as an inflation report that outperformed analysts’ expectations. The stock markets dropped on Wednesday despite a seemingly positive development in the trade war between the U.