— The Trump administration lowered tariffs on U.S. electronics imports from China to 20%; also lifted the reciprocal tariffs on all other countries beyond the 10% base rate for 90 days.
— U.S. consumer prices fell in March to annualized rate of 2.4% (down from 2.8% in Feb.), with the drop in gas prices driving the decline.
— U.S. 30-year mortgage rate jumped to just above 7%, as the benchmark 10-year Treasury yield rose 50 basis points (past 4.5%), the biggest increase since 1987; the dollar again lost value.
— The European Union put countermeasures to U.S. tariffs on hold for 90 days; China retaliated with its own high tariffs and Japan set up task force to negotiate with the U.S.
