Donald Trump is doing and saying in different directions, anyway bring hope to the market. Besides 3521% tariff on Cambodia to prevent trade fraudulence of origin laundering, he said tariff on China can be greatly lowered but not zero. Actually, it is what everyone expecting. No one would expect it will come to zero or kept in level of 245%. He said that negotiation had already began but without giving detail of which level or timing. Another way is that he has eaten his own words of firing Fed chair Powell.
Stock market had great rebound and the low seemed had already reached and gone with the wind.
In late Feb, news said there would be a summit of Trump and Xi, but the US version was different from Chinese version. China said Trump will come to China for meeting in April, but US version said Xi would fly to Mar-A-Lago for birthday party. For the birthday of President Xi is on June 14th and Trump on Jun 15th, so at 24:00 of 14th and 00:00 of 15th, they will celebrate together.
Because of Liberation Day Tariff, the meeting of April vanished silently. Later, when Trump said over 75 countries were approaching him to have trade talk and would be done in 90 days. So he is quite busy in these 90 days, but people still expect the talk with China should be made around those 90 days. No one would expect the talk will postpone to midterm election of 2026.
The birthday party is one of the greatest chance of compromise, but we still have to wait for official announcement and hope it can come true soon.