US: President Trump, GOP, And Corporations Get Bulk Of Blame For Inflation

• Confirmation from Trump on the China Visit and a reciprocal visit later this year:
• @realDonaldTrump:
• "My meeting with the Highly Respected President of China, President Xi Jinping, which was originally postponed due to our Military operation in Iran, has been rescheduled, and will take place in Beijing on May 14th and 15th. First Lady Melania and I will also host President Xi and Madame Peng for a reciprocal visit in Washington, D.C., at a later date, this year. Our Representatives are finalizing preparations for these Historic Visits. I look very much forward to spending time with President Xi in what will be, I am sure, a Monumental Event. Thank you for your attention to this matter! President DONALD J. TRUMP"

White House confirms Trump will visit China on May 14th - 15th, and confirms his hosting of a cabinet meeting tomorrow. 

Separately, Leavitt speaks on the Iran operation, but provides few new fresh details. She notes: 

• "*US MILITARY IS AHEAD OF SCHEDULE ON IRAN OPERATION
• *VERY CLOSE TO MEETING OBJECTIVES OF IRAN OPERATION"
• NO IRAN PEACE TALKS SHOULD BE DEEMED OFFICIAL YET"
• US WORKING ON 'CREATIVE' SOLUTIONS ON OIL PRICES"

Difficult to parse what Leavitt is referring to here - but may be reflecting on previous SPR release as well as the waiver of the Jones Act in the past few weeks

• "*USPS TO IMPOSE 8% FUEL SURCHARGE ON PACKAGES: WSJ" - bbg
• "*POSTAL SERVICE FUEL SURCHAGE APPLIES TO PACKAGES, NOT MAIL: WSJ"

That USPS headline is according to WSJ sources - the piece also notes this is the first time in history USPS has added such a surcharge to parcel shipments due to rising fuel costs.