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Country risk, from the local press

United States · Country watch

U.S.-China Tariff Deal, Northeast Storm Disrupts

U.S. and China agree to cut tariffs on $30B goods; Northeast storm causes flight cancellations and power outages.

· · 17 sources

The picture Mixed

Business conditions in the U.S. are mixed today. The U.S.-China tariff reduction improves trade prospects, but a Northeast storm disrupts logistics, and rising Treasury yields increase borrowing costs.

In this briefing Northeastern United States · Nor'easter · 10-year Treasury yield · Donald Trump · Xi Jinping · United States · China

Regulation

Nothing significant reported today.

Disruption

  • logistics
  • tourism

Northeast storm causes flight cancellations, power outages

Image of Boston's Back Bay neighborhood as situated along the tree-lined esplanade of the Charles River. The sailboats and docks shown in th
Image of Boston's Back Bay neighborhood as situated along the tree-lined esplanade of the Charles River. The sailboats and docks shown in th Riptor3000 at English Wikipedia, CC BY-SA 3.0 via Wikimedia Commons

A powerful nor'easter has battered the northeastern United States, causing widespread power outages and the cancellation of hundreds of flights, according to The New York Times. The storm brought heavy rain and wind gusts exceeding 50 miles per hour, leading to coastal flooding and disruptions in transportation. Several major events in the region have also been canceled as a result of the adverse weather conditions.

Impact Airlines and logistics operators face disruptions due to flight cancellations and power outages in the Northeast.

Sources: The New York Times ↗

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • finance

10-year Treasury yield hits 19-year high

The 10-year U.S. Treasury yield has reached its highest level in nearly two decades, CNBC reports. The increase is attributed to persistent inflation, significant bond issuance, and an investment boom driven by artificial intelligence. The rising yields are likely to impact borrowing costs across various sectors, potentially affecting consumer spending and investment decisions.

Impact Borrowers and investors face higher costs as the 10-year Treasury yield reaches a 19-year high.

Sources: CNBC ↗

Trade

  • logistics

U.S. and China agree to cut tariffs on $30B goods

The United States and China have reached an agreement to reduce tariffs on $30 billion worth of goods following a summit between President Donald Trump and Chinese President Xi Jinping in Washington, Fox News reports. The deal aims to ease trade tensions and boost economic ties between the two nations. The agreement is expected to benefit various sectors, including technology and manufacturing, by reducing costs and facilitating smoother trade flows.

Impact Importers and exporters in technology and manufacturing sectors will benefit from reduced costs on $30 billion in goods.

Sources: Fox News ↗

Politics

Nothing significant reported today.

Also today in United States

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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