US-China Trade Talks Yield 'Total Reset' Claims

The US and China held sensitive talks in Switzerland to de-escalate trade tensions, with Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng meeting for over 10 hours. President Trump claimed 'great progress' was made and a 'total reset' was negotiated. The talks aim to reduce tariffs imposed by both countries, which have disrupted global trade worth $660 billion. The US has imposed tariffs on China, citing unfair trade practices and the opioid crisis, while China has retaliated with tariffs on American imports. The negotiations are seen as crucial in stabilizing world markets and relieving companies affected by the trade standoff.

The article discusses the key factors to watch in the stock market for the upcoming week, including trade deal progress with China, inflation reports, and earnings from major companies. Treasury Secretary Scott Bessent's talks with Chinese officials over tariffs were deemed productive, and President Donald Trump expressed optimism about the trade deal. The Federal Reserve Chairman Jerome Powell cautioned that large increases in tariffs could slow the job market and raise inflation. The S&P 500 dropped nearly 0.5% for the week, its first weekly decline in three. Earnings from Coterra Energy, Disney, and Texas Roadhouse were notable, with Disney surging on quarterly beats and strong guidance. The upcoming week's economic data calendar is fully loaded, with inflation reports, retail sales data, and consumer sentiment index being key releases.

The White House announced a 'trade deal' with China after U.S. and Chinese officials held 'productive' talks in Geneva over the weekend. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer led the U.S. delegation, while Vice Premier He Lifeng represented China. The deal is expected to ease the ongoing trade war between the two nations, which has caused economic uncertainty and roiled financial markets. Details of the agreement are still unclear, but officials from both sides expressed optimism about the outcome.

The United States and China are holding high-stakes trade talks in Geneva, aimed at easing tensions stemming from President Trump's trade war. The talks have major implications for the global economy, which has been disrupted by tariffs imposed by both countries. Economists warn that the trade dispute will slow global growth and fuel inflation, potentially leading to a recession. Despite initial optimism from Trump, economists are skeptical about a quick deal.

The US and China made 'substantial progress' in trade talks held in Geneva, according to US Treasury Secretary Scott Bessent. The negotiations aimed to ease tensions and potentially resolve the ongoing trade war between the two nations. While details of the agreement were not immediately available, US Trade Representative Jamieson Greer indicated that a 'deal' had been reached addressing national security concerns. China's Vice Premier He Lifeng stated that the talks were 'candid, in-depth, and constructive,' and an agreement was made to establish a 'consultation mechanism' to discuss economic and trade issues. The trade war has had significant implications for the global economy, with economists warning of slowed growth and potential recession.

The article discusses the potential risks to US military programs due to China's export controls on rare earth elements, a critical mineral used in the manufacture of military equipment and technology. China's move is seen as a retaliatory measure against the US tariffs imposed by President Donald Trump, escalating the trade war between the two nations. The restrictions could disrupt the US defense industry as China dominates the global supply of rare earths, accounting for 90% of production.

Chinese and US negotiators agreed to establish a 'trade consultation mechanism' during two days of 'constructive' talks in Geneva aimed at tamping down a tariff war. China's Vice-Premier He Lifeng stated that the two sides had taken an important step towards resolving differences through equal dialogue and consultation, and planned to issue a joint statement on Monday. The talks were described as 'candid, in-depth and constructive' by state broadcaster CCTV, with both sides expressing willingness to work together to manage differences and expand areas of cooperation.

US President Donald Trump claimed a 'total reset' in US-China trade relations after talks in Geneva between top US and Chinese officials, aimed at defusing a trade war sparked by Trump's tariff rollout. The talks, which lasted around eight hours, were described as 'very good' and made 'great progress' by Trump, although no specific details were provided. The trade war, triggered by Trump's tariffs on China, has led to retaliatory measures from Beijing, resulting in a near trade embargo between the two countries.