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Sunday, 17 May 2026
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The Daily Newspaper

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Markets

China Flags Tariff Easing After Trump-Xi Summit

Beijing said tariffs and farm-market access were part of a preliminary understanding, giving investors a fresh sign that trade friction may cool even if the fine print is still unsettled.

China said tariff reductions and wider access for farm goods were discussed after the Trump-Xi summit, pointing markets toward a less confrontational trade tone.

By Markets Desk

Companies

Tesla Lifts Model Y Prices in the U.S.

The first increase in two years suggests the carmaker sees room to test demand and pricing power even as the electric-vehicle market stays fiercely competitive.

By Corporate Bureau

Markets Snapshot

  • Beijing's tariff signal gave markets a reason to price a milder trade backdrop.
  • Energy-sensitive sectors stayed alert as fuel costs kept feeding through to the real economy.
  • Investors were watching policy details rather than chasing a simple risk-on rally.

Corporate Pulse

  • Tesla's Model Y price increase put fresh focus on demand and margin discipline.
  • Tata and ASML added momentum to India's bid to become a more serious chip-making base.
  • Boardrooms remained focused on pricing power, capital intensity, and supply-chain resilience.

Policy & Economy

  • Higher diesel costs showed how quickly the Iran conflict is feeding everyday budgets.
  • Trade diplomacy and industrial policy remained central to the week's business agenda.
  • Executives and officials alike were balancing relief on tariffs with pressure from energy costs.