US will cut "de minimis" tariffs on China shipments from 120% to 54%

Citing a White House executive order, Reuters reported on Tuesday that the US will cut "de minimis" tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain.

Meanwhile, China announced that it has removed a ban on Boeing deliveries after the trade truce with the US.

May 13, 2025

USD/CHF drops below 0.8450 as US Dollar struggles ahead of inflation data

USD/CHF retreats after posting more than 2% gains in the previous session, trading around 0.8430 during the Asian hours on Tuesday. The pullback comes as the US Dollar (USD) softens, possibly due to a technical correction.

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May 13, 2025

ECB to stand by past stimulus policies in strategy review – Reuters

Several European Central Bank (ECB) policymakers told Reuters on Tuesday that the “ECB review will largely endorse past policies, including quantitative easing (QE), despite some policymakers' criticisms.”

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