BEIJING US NEGOTIATIONS
Is US-China trade war over or tariff cuts may be just a temporary fix? All your FAQs answered
The US and China have agreed a deal that will significantly cut the import tariffs they have imposed on each other, in a major de-escalation of their trade war. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days. The announcement came after the two countries held talks in Switzerland.
U.S. stock market futures today: Dow soars over 900 points, S&P 500 and Nasdaq rally as trade truce fuels optimism — Nvidia, Tesla, and Microsoft in focus, but should investors stay cautious?
U.S. stock market futures today: Dow futures surge as Wall Street reacts to positive signs from the weekend’s U.S.-China trade talks. Investors cheered the progress after both nations hinted at a deal to ease trade tensions. With stock futures rising and the dollar gaining strength, markets are hopeful for more clarity this week. Key updates from the White House and China suggest further talks are coming, calming fears of more tariffs. As oil climbs and gold dips, traders brace for inflation data ahead.
U.S. and China agree to temporarily slash tariffs in bid to defuse trade war
America and China agreed to reduce tariffs temporarily. This happened while both countries tried to resolve their trade issues. The agreement suspended tariffs for 90 days. The United States would reduce tariffs on Chinese imports. China would lower import duties on American goods. Both countries hope to avoid further escalation. Ongoing negotiations will involve key officials from both nations.
Metal stocks surge over 8% as US-China tariff truce lifts market sentiment
Domestic metal stocks rallied over 8% after the US and China agreed to ease tariffs for 90 days, boosting global metal prices and market sentiment.
Washington 'optimistic' amid trade talks with China
US and China held talks in Geneva to ease trade tensions. The discussions followed President Trump's tariffs, which sparked retaliation from Beijing. US officials expressed optimism after the meetings. Both sides aimed to de-escalate the situation, not reach a major deal. Experts remain skeptical about a return to normal trade relations. China's exports rose despite the trade war.
US, China begin 2nd day of tariff talks; no breakthroughs but Trump touts 'great progress'
The US and China resumed critical tariff negotiations in Geneva, aiming to de-escalate trade tensions. While President Trump expressed optimism about "great progress" and a potential "total reset," China's official news agency adopted a firm stance, rejecting proposals compromising core principles.
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US-China tariff talks to continue Sunday, as Trump touts 'great progress made'
President Trump hailed “great progress” in US-China tariff talks in Switzerland, suggesting a possible “total reset.” While no major breakthrough occurred, negotiations will continue. Trump aims to ease trade tensions affecting global markets. Talks with Swiss leaders also addressed US tariffs on Swiss goods, prompting cautious Swiss responses amid economic concerns.
Trump hails 'total reset' in US-China trade relations as talks continue
US and China engaged in trade talks in Geneva, signaling a potential "total reset" amid escalating tariff tensions. Discussions aimed to de-escalate the trade war, with both sides acknowledging the current high tariffs are detrimental. While Trump hinted at tariff reductions, the US clarified that concessions from China are necessary for any changes.
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. officials initiated discussions with their Chinese counterparts in Geneva, aiming to de-escalate trade tensions marked by escalating tariffs. While a major breakthrough seems unlikely, both nations hope to scale back tariffs on each other's goods, potentially easing pressure on global markets.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
China’s consumer deflation extends as tariffs take toll
Policymakers are implementing measures to stimulate the economy, while trade talks with the US offer potential tariff relief.
Dollar eyes weekly rise into US-China trade talks
The dollar saw a weekly increase against major currencies. This happened as a U.S.-UK trade agreement boosted hopes for U.S.-China talks. Financial markets are watching trade negotiations between Washington and Beijing. The Federal Reserve indicated no immediate rate cuts. Bitcoin surged above $100,000. Trump announced the UK deal and expects negotiations with China. The Australian and New Zealand dollars fell.
Gold rises as Fed warns of economic uncertainty; Sino-US trade talks eyed
Gold prices saw an increase. This happened after the Federal Reserve gave warnings. They spoke of rising inflation and risks in the job market. Investors are now waiting for trade discussions between the US and China. The Fed also kept interest rates steady. Tensions are high between India and Pakistan following recent clashes.
Gold holds firm amid geopolitical tensions; WGC sees continued investment support
World Gold Council anticipates US policies to boost gold investment. Profit booking might temporarily slow it down. Gold prices surged in April, briefly exceeding US$3,500/oz. The US dollar's decline and geopolitical tensions supported gold's rise. Federal Reserve maintains cautious stance on interest rates amid inflation concerns. Trump's tariff stance impacts trade negotiations with China. These factors influence gold market trends.
Trump finds a ‘very good idea’ to raise imprisoned Jimmy Lai’s case in trade talks with China
US, China trade talks: Donald Trump plans to discuss Jimmy Lai's case during trade negotiations with China. This move could potentially strain relations between the two countries. Jimmy Lai, a Hong Kong media tycoon and pro-democracy advocate, faces national security charges. He is accused of colluding with foreign forces. A verdict in his case is expected soon.
Dollar on front foot after Fed signals no rush to cut rates
The U.S. dollar remained stable against the euro on Thursday. This followed a rise the previous day. The Federal Reserve cautioned about economic risks. These risks included inflation and unemployment. Investors are watching for progress in U.S.-China trade talks. A meeting in Switzerland is planned. The Bank of England is expected to announce a rate cut.
Oil prices steady after dropping as economic uncertainty, supply concerns weigh
Oil prices saw stability on Thursday. This follows a previous drop due to worries about the U.S. and China trade discussions. These talks are scheduled for May 10 in Switzerland. Investors are concerned about the potential impact on global oil consumption. Rising U.S. gasoline inventories also contribute to demand concerns.
Asian stocks start cautiously after Fed holds rate
A regional gauge fell 0.4% and equity-index futures for the US were flat in early Asian trading. Chipmakers led the charge in the US session as Bloomberg News reported that the Trump administration planned to rescind Biden-era curbs for AI-related exports. The Nasdaq Golden Dragon China Index dropped the most in almost three weeks Wednesday.
China rolls out stimulus, ahead of talks with US
China revealed steps to tackle economic impact of trade tensions with the US. The central bank will cut interest rates and reduce bank reserve needs. This aims to boost lending and support businesses. Talks between US and China are planned in Geneva. Both economies show signs of strain. China hopes to safeguard its interests.
China agreed to U.S. tariff talks but is likely to play hardball
China agreed to trade talks with the U.S., aiming to portray itself as responsible amid global economic concerns. Despite maintaining a firm stance against coercion, Beijing softened its position due to the economic impact of trade tensions. Both nations seek tariff reduction, but the path to a deal remains uncertain, with initial talks focusing on de-escalation.
EU plans to hit Boeing with tariffs if US trade talks fail
The European Union is considering imposing tariffs on Boeing aircraft as retaliation if trade talks with the US fail to resolve escalating tensions. This move is part of a broader EU plan targeting $114 billion in US goods, aiming to level the playing field for Airbus, which already faces US tariffs.
Xi heads to Russia on mission to weaken US power on world stage
Xi Jinping is visiting Moscow to strengthen ties with Vladimir Putin. This visit happens amidst a trade war isolating Washington. Xi will attend a parade marking World War II victory. China aims to counter the US-led world order with Russia's support. Both nations face economic challenges. The visit highlights their joint goal of challenging US.
China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade war
China's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. He accused an unnamed country of initiating tariff and trade wars, advocating for multilateralism. Despite China's openness to negotiations, it insists on the removal of US tariffs, which Trump has rejected, even as both economies feel the impact.
Threatened by Trump tariffs, Japan walks delicate tightrope between US and China
Amidst US tariff pressures, Japan navigates a complex relationship with China, balancing economic opportunities with historical tensions and security alliances. While seeking tariff resolutions with Washington, Japan engages with Beijing, signaling a pragmatic approach to regional stability. Simultaneously, Japan strengthens ties with Southeast Asian nations, competing with China for influence in the face of evolving trade dynamics and US policies.
Donald Trump hints at some trade deals as early as this week, sparking hopes for India
US President Donald Trump hinted at possible trade agreements with nations as early as this week to sidestep higher US import taxes. Discussions are ongoing with several countries, with Trump holding the final decision-making power. India is in talks with the US to avoid these taxes. Commerce Minister Piyush Goyal recently visited the US. Both countries aim for a Bilateral Trade Agreement by autumn 2025.
China mulls opening communication lines with US on trade
China is considering trade talks with the U.S. after observing signals from Washington expressing a willingness to negotiate tariffs. This development follows increased tariffs by the U.S. and subsequent retaliation from China, potentially signaling a shift in the economic stalemate.
Japan's Nikkei rises on trade talk optimism, posts longest rally since 2023
"It looks like the tariff negotiations between Japan and the U.S. are progressing, which is within expectations but has become a positive cue," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
Where things stand in the US-China trade war
China has said it has received overtures from the United States for talks on tariffs -- but warned it will need concessions as proof of "sincerity" before any negotiations can take place. "China is certainly willing (to negotiate), and so is evaluating and observing the US side's sincerity -- is it all just bluff and bluster... or is it actually something real that could yield plans for serious talks?"
China 'evaluating' US offer to negotiate tariffs; Beijing's door is 'open'
China considers Washington's offer for trade talks regarding Donald Trump's tariffs. The Commerce Ministry states Beijing is assessing the proposal. China demands the U.S. rectify its practices and remove tariffs. The U.S. expresses optimism for easing trade tensions. Scott Bessent hopes for de-escalation and a larger trade deal. Xi Jinping urges officials to adapt to international changes.
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