Group 1: U.S.-UK Economic Prosperity Deal - The U.S.-UK Economic Prosperity Deal is largely a symbolic political gesture, failing to address core bilateral trade issues and structural barriers [14][16]. - The agreement allows the UK to reduce tariffs from 5.1% to 1.8%, while the U.S. maintains a 10% tariff on UK goods, indicating a continuation of U.S. protectionist policies [15][16]. - The deal focuses on traditional goods trade, avoiding sensitive structural issues such as digital trade and labor standards, which are crucial for long-term trade dynamics [16][16]. Group 2: U.S.-China Geneva Talks - The U.S.-China high-level economic talks in Geneva resulted in significant progress, establishing a negotiation mechanism for future discussions [4][18]. - Both parties agreed to modify tariffs on each other's goods by May 14, 2025, with the U.S. suspending 24% of tariffs initially and retaining 10% on certain products [19][20]. - The current stage of negotiations is focused on framework establishment, with future discussions expected to address more substantive issues like technology and investment [20][21]. Group 3: Pring Clock Analysis - The U.S. economic indicators suggest a potential move towards stage five of the Pring Clock, although stock indicators are deteriorating, with a current reading of 58% [6][24]. - China's economic indicators remain in stage three, but both stock and commodity indicators are declining, which is a negative signal during the recovery phase [33][33]. - The bond-stock ratio shows a downward trend, indicating that stocks may perform better than bonds in the short term [33][33].