Here is what you need to know.
China says it did not offer Trump a deal to slash the trade gap by $200 billion. Hours earlier, it dropped an anti-dumping probe into US sorghum imports in a conciliatory gesture as top officials meet in Washington, Reuters says.
Japanese inflation is moving further away from the Bank of Japan’s 2% target. Core inflation, which excludes fresh food, rose by just 0.7% in the year to April, down from the 0.9% print in March, Japanese government data showed.
US companies are returning cash to shareholders at a record pace — and that’s fueling everyone’s biggest fear about tax reform.