It’s a big moment in London right now. On June 9, 2025, top officials from the U.S. and China are sitting down at Lancaster House, trying to cool off a trade war that’s been rattling markets and messing with global supply chains. The talks, now in their second day, are a follow-up to a shaky truce hashed out in Geneva last month.

The trade deficit in March reached a 6 year high which makes many feel the economy contracted in the first quarter of the year. Yet the general feeling is that the economy rebounded in April with stronger service sector activity. The issues faced in the first quarter are not present in the second quarter, giving people a positive perspective on GDP.

The trade deficit moved higher by 43% to over $53 billion in March of 2015. The jump was 9 year high with the number itself being a 6 year high. West Coast ports were stalled with trade talks until just recently, creating the surge. US Stocks, Treasuries, and the Dollar all fell today.