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Situational awareness:

  • The U.S. and China have tentatively agreed to a deal that will avert an additional $300 billion in tariffs on Chinese imports. (SCMP)
  • China will insist the U.S. lift its ban of Huawei and remove all punitive tariffs as part of a trade deal. (WSJ)
  • Investors traded $1.381 trillion worth of emerging markets debt in Q1, up 8% from Q1 2018 and 29% from Q4 2018. (EMTA)