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Stocks Shrug Off Trump's Trade Rift With China, Closing Out a Solid May Rally

Wall Street is also weighing the latest data on inflation and consumer sentiment.

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PCE Inflation Slips in April in Positive Sign for Fed

• Consumer Sentiment Recovers 

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• The Brand Damage Has Been Done

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Source Direct . South China Morning Post

 

Trump says China has ‘totally violated’ trade deal with US

The Trump administration had recently hailed the ‘asymmetric’ agreement reached on May 12 as a significant victory for the US.

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Khushboo Razdanin WashingtonandZhao Ziwenin Washington

Published: 8:30pm, 30 May 2025Updated: 10:45pm, 30 May 2025

US President Donald Trump accused China on Friday of having “totally violated” a 90-day trade truce reached just weeks ago in Geneva, casting doubt on whether the agreement still holds and throwing the future of bilateral trade talks into question.