President Trump has claimed that China has expressed a willingness to meet amidst escalating trade tensions, though no official confirmation has come from Beijing. , US News News - Times Now

Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.

Today's Treasury auction showed muted demand, failing to significantly ease market nerves, despite Trump's announcement of a 90 day pause on reciprocal tariffs for most countries, except China, on which tariffs rose sharply to 125%.