US Considers Pausing China Tariffs, BMO Bank Sells Branches, and Seasonal Job Searches Rise

Potential China Tariff Suspension

• ⚠️ The U.S. may consider extending a pause on additional 100% tariffs on Chinese imports.
• 🤝 This consideration is contingent on China suspending its plans to curb exports of rare earth minerals to the U.S.
• 🗓️ President Trump and Chinese counterpart Xi Jinping are scheduled to meet this month in South Korea.

BMO Bank Branch Sale

• 🏦 The Bank of Montreal (BMO) will sell 138 bank branches across 11 states to First Citizens Bank and Trust.
• 🔄 This sale occurs two years after BMO acquired Bank of the West.
• 📈 BMO plans to open 150 new branches, with a focus on California.

Increase in Seasonal Job Searches

• 💼 A significant number of Americans are searching for seasonal jobs after losing full-time employment.
• 📈 Searches for seasonal jobs on Indeed are up 27% at the end of September compared to a year ago.
• 📊 Searches are also up 50% from the previous year (2023).