The White House announced that Colombia has agreed to accept all illegal migrants returned from the US, fulfilling President Trump's terms. In exchange, economic sanctions and tariffs will be put on hold, but visa sanctions and enhanced inspections will remain until deportations begin.
US President Donald Trump, after signing an executive order delaying the implementation of the TikTok ban for 75 days, announced that if the TikTok sale deal is not approved, the US could impose new tariffs on China.
Scott Bessent highlights the importance of the U.S. dollar's global reserve currency status, noting it underpins economic stability and geopolitical influence. He warns against weakening the dollar, as it could harm the U.S. economy and its international standing, advocating for policies that maintain a strong dollar.
President Xi Jinping is confident China will meet its growth target and stresses the need for US-China cooperation, avoiding trade and technology conflicts.
TD Cowen states that creating a Bitcoin reserve under Trump is unlikely due to the focus on preserving the U.S. dollar's dominance. Additionally, the U.S. Treasury lacks Congressional approval to allocate funds for Bitcoin acquisition.
