U.S. consumers face an effective U.S. tariff rate of more than 20%, the highest since the early 1900s, the International Chamber of Commerce has estimated following President Donald Trump's import levy announcements this week.

The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.

Chinese Vice Premier Ding Xuexiang on Thursday met with former US Treasury Secretary Henry Paulson in Beijing. During the meeting, Ding said that strengthening cooperation based on the principles of mutual respect,

China’s Ministry of Commerce did not immediately respond to a request for comment. Read more at straitstimes.com. Read more at straitstimes.com.

Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production.

Benchmark 10-year interest rates are up 2-3 bp in Europe, even UK Gilts, and are mostly 8-10 bp higher on the week. The 10-year Gilt yield is up about 3 bp this week. The 10-year US Treasury yield is up a little more than three basis points today,

The Trump administration is tightening its grip on foreign ownership of farmland amid continuing concerns over Chinese investment in America’s heartland.

The ringgit ended the week lower against the US dollar today as stronger US economic data fuelled demand for the greenback. This came