A smaller-than-expected inflation print for April was welcome news for investors bracing for tariff impacts.
Inflation stats are a key metric in focus Tuesday.
SALT limit addressed in proposed legislation.
Haven asset suffered as US-China trade war eased.
Equity benchmarks have rebounded to wipe out losses.
GOP lawmakers mostly representing New York, New Jersey, and California put Trump's multi-trillion-dollar tax agenda at risk.
Draft legislation filed Sunday night, projected to save the government more than $900 billion, would cost millions of people health insurance coverage within a decade.
Both sides hailed 'substantial' progress over the weekend.
President set to sign new executive order Monday.
But US ambassador suggested tensions can be eased.
