Ed Yardeni, President of Yardeni Research cited the US administration’s flexibility in allowing Nvidia to sell certain chips to China as an example of pragmatic trade policy. “Everything is negotiable,

The dollar’s recent decline signals a loss of faith from global investors in the United States’ ability to honor its obligations. Harvard University’s Ken Rogoff says political dysfunction in Washington and Trump’s aggressive trade war fuel economic uncertainty and undermine America’s soft power in the world.

The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald Trump announced more tariffs and said he planned to impose blanket levies of 15% or 20% on most trade partners.

Former Chicago Mayor Rahm Emanuel has a stark warning for Democrats’ fundraising efforts as numbers start to trickle in from the second financial quarter. In an interview with the Washington Examiner,

“Putin will not negotiate as a loser,” one of his longtime associates tells TIME by phone from Moscow. “He knows that winners don’t get punished, and if he wins, all of this” — the sanctions, the tariffs — “will go away.”

Gold rose on Wednesday, supported by a pullback in the U.S. dollar and bond yields, while investors digested data showing an increase in U.S. consumer prices last month and awaited further clarity on U.