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China removes ban on Boeing deliveries after tariff war pause: Bloomberg

Officials in Beijing have started to tell domestic carriers and government agencies this week that deliveries of aircraft made in the U.S. can resume, Bloomberg said. In April, at least three jets at Boeing's delivery center in China were returned to the United States. Boeing said customers in China would not take delivery of new planes due to tariffs, and it was looking to resell potentially dozens of aircraft.

US to cut 'de minimis' tariff on China shipments, bolstering broader trade truce

HONG KONG (Reuters) -The United States will cut the low value "de minimis" tariff on China shipments, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies. The tariff relief comes in the wake of Beijing and Washington announcing a truce in their trade spat after weekend talks in Geneva, with both sides agreeing to unwind most of the tariffs imposed on each other's goods since early April.

ECB to stand by past stimulus policies in strategy review

FRANKFURT (Reuters) -The European Central Bank will stand by its aggressive stimulus policy of the last decade in a strategy review, side-stepping calls for self-criticism after a bout of high inflation and sizeable losses, several ECB policymakers told Reuters. The review, which began in March, will address some big questions about the way the ECB works, including whether massive bond purchases, negative interest rates and giving guidance on the future path for rates remain good policy tools. Conversations with ECB policymakers suggest the euro zone's central bank will largely endorse its past largesse, making only minor changes to a strategy document that was last updated four years ago.

Gold Holds Heavy Loss as Markets Latch Onto US-China Optimism

(Bloomberg) -- Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for havens.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays Wary on ImmigrationBullion traded near $3,240

With a hiatus in the trade war, it is back to the grind

Six weeks into the turmoil spurred by U.S. President Donald Trump's "Liberation Day" tariffs, the recurring lessons seem to be: wait for the details and buy the dip. And while a Trump social media post on Sunday about high U.S. drug prices caused a massive selloff in Japanese pharma shares on Monday, the actual executive order puts the bullseye more on cheaper drugs overseas, prompting a bounce back in healthcare stocks on the Nikkei. Trump's comments about a pricey "fat shot drug", presumably speaking of injectable obesity treatments from Novo Nordisk and Eli Lilly, could mean pressure for cost cuts in the U.S. or increases in Europe.