President Donald Trump announced progress in trade negotiations with China in Geneva, Switzerland. Despite not being a definitive breakthrough, Trump noted on Truth Social that "much was agreed to." He expressed optimism about achieving "a total reset negotiated in a friendly, but constructive, manner" with Chinese officials. Trump highlighted his eagerness for a deal to open China to American business, emphasizing benefits for both nations. The current US tariff on most Chinese goods is 145%, while China imposes a 125% tariff on the majority of US-made goods. Talks were scheduled to continue on Sunday, May 11, 2025.

Pakistan launched a military operation against India, targeting key military assets, including missile storage facilities and airfields in Udhampur, Adampur, and Pathankot. Additionally, Pakistan initiated a cyber offensive aimed at disrupting India’s government networks, energy infrastructure, telecommunications, and transportation systems.

High-level economic discussions between China and the US continued in Geneva, involving officials such as Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent. The focus was on potential shifts in trade relations and economic strategies, particularly tariff reductions. Trump suggested lowering tariffs from 145% to 80%, a move that could ease tensions. Stakeholders and economic experts are closely monitoring the potential impact of these adjustments on global trade volumes and market stability. Tariff changes could trigger market movements, influencing international trading behavior.

The US-China trade relationship, exceeding $660 billion in 2024, plays a critical role in global commerce. Fluctuations in tariffs can significantly impact international markets. Financial analysts suggest that reducing tariffs could stabilize economic uncertainties and improve international relations. Experts propose that these talks may influence cryptocurrency markets by affecting bilateral trade agreements, which in turn impact currency exchange rates and commodity prices.