China, trade
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Ninety days isn’t much time to reach a trade deal, especially one between two adversaries with as many disagreements as the U.S. and China. But Chinese Vice Premier He Lifeng acknowledged
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Representatives from the world's largest economies described the weekend talks as productive, spurring optimism that a trade agreement between the two could be reached.
Treasury Secretary Scott Bessent expressed optimism about continuing trade negotiations with Chinese officials after meeting in Geneva, with plans to meet again in the next few weeks to hash out a
Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
U.S. and Chinese officials are set to meet in Switzerland to discuss potentially de-escalating the trade spat that has resulted in high tariffs for each country.
Asian shares are higher after two days of trade talks between China and the U_S_ made what the U_S_ side said was “substantial progress.”
U.S. Commerce Secretary Howard Lutnick on Sunday said bilateral talks with China now underway in Geneva are intended to "de-escalate" tensions between the two superpowers, as he predicted multiple trade deals over the next few months without naming specific countries.
Wall Street opened higher on Monday after the US agreed to cut tariffs on Chinese goods to 30%, with China reducing its levies to 10%.