Morning Economic Report 4-24-25

China tariff war is unsustainable, Trump says it's up to China, but tariffs are ready to roll out in the next 2-3 weeks. Reports of tariff relief for car makers, but not for Canada, whose car tariffs could go up. China says 'doors are open' for tariff talks. Yesterday's poor European PMIs are chewed over and the major bourses pull lower even though German Ifo data improved. Business Climate, Current Assessment and Expectations all beat their calls. Corporate results today include Google, Merck, P&G among others. Eyes on US Durable Goods and jobless claims. DAX -0.28%, CAC -0.40%, FTSE -0.08%, Euro STOXX600 -0.36%. Forex is contained as tariff confusion reigns, DXY 99.40. Gold 3329. BTC $92,328.