Articles in this Cluster
12-05-2025
The US and China have made substantial progress in trade talks held in Geneva, Switzerland, with both sides describing the discussions as productive and constructive. The talks, led by US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng, were the first face-to-face meetings since the US imposed tariffs on Chinese imports in January. While details of the potential 'trade deal' are scarce, experts expect possible tariff cuts, although they may remain above historical norms. The talks have been seen as a significant step forward, with the potential to stabilize the global economy and reduce tensions between the two nations.
Entities: US, China, Scott Bessent, He Lifeng, Geneva • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
U.S. Treasury Secretary Steven Mnuchin (referred to as 'U.S. treasury secretary') and U.S. Trade Representative Robert Lighthizer's representative Jamieson Greer met with Chinese Vice Premier He Lifeng in Switzerland to discuss tariffs imposed by both countries. The talks resulted in 'substantial progress' according to Mnuchin, although details were scarce. The meetings aimed to address the trade war between the U.S. and China, which has led to tariffs of up to 145% on Chinese goods and 125% on American imports.
Entities: U.S., China, Switzerland, Steven Mnuchin, Robert Lighthizer • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
Evercore ISI's Neo Wang expects China to make concessions to the US, particularly to benefit President Trump's Republican party in the midterm elections, as part of a potential trade deal. The recent trade agreement between the US and China has resulted in the suspension of most tariffs on each other's goods for 90 days. Wang believes China has more to lose if the 24% tariff pause expires and will likely make concessions on issues like fentanyl and TikTok to secure a more permanent deal.
Entities: China, US, Donald Trump, Neo Wang, Evercore ISI • Tone: analytical • Sentiment: neutral • Intent: inform
12-05-2025
U.S. stock futures rose on Monday after the Trump administration announced a 'trade deal' with China following negotiations in Geneva. Treasury Secretary Scott Bessent described the talks as 'productive', while Chinese officials cited 'substantial progress'. The news comes as investors await signs on how rising trade tensions are impacting the economy. Meanwhile, President Donald Trump is set to sign an executive order to lower U.S. prescription drug costs.
Entities: Donald Trump, China, U.S., New York Stock Exchange, Reuters • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The article reports on a temporary trade agreement between the US and China, announced by President Donald Trump, where both countries will pause most tariffs and trade barriers for 90 days. The US will reduce tariffs on China to 30%, while China will lower tariffs on US goods to 10%. Trump stated that China 'agreed to open up' to US business, but emphasized that the agreement is not yet finalized.
Entities: Donald Trump, China, US, Geneva, Switzerland • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The US and China are set to announce progress made during marathon trade negotiations in Geneva, with both sides indicating substantial progress and a potential trade deal. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer led the US delegation, while Chinese Vice Premier He Lifeng led the Chinese delegation. Global investors are cheering the thaw in the trade war, with stock futures rising and Asian markets higher during Monday trading.
Entities: United States, China, Geneva, US Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The United States and China have agreed to temporarily lower tariffs following marathon negotiations in Geneva, Switzerland. The agreement comes after a series of trade tensions between the two countries.
Entities: United States, China, Geneva, Switzerland, Kristie Lu Stout • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
Asian stocks rose on Monday following U.S.-China talks in Geneva, where both sides reported 'substantial progress' in easing trade tensions. The meetings, the first since President Trump increased tariffs on Chinese imports to 145%, aimed to reduce the tariffs that have significantly impacted global trade and economies. Analysts view the talks as a positive step, anticipating a potential initial agreement to lower tariffs.
Entities: United States, China, Geneva, Scott Bessent, He Lifeng • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The US and China have reached a trade agreement to reduce tariffs on each other's products, with the US lowering tariffs on Chinese goods from 145% to 30% and China reducing its tariffs on American goods from 125% to 10%. The agreement comes after a month of escalating tariffs that brought trade between the two countries to a standstill, causing companies to reroute business globally and forcing Chinese factories to shutter. While the agreement provides a welcome reprieve for businesses, it remains to be seen what further concessions can be reached in future negotiations.
Entities: Donald Trump, China, United States, Geneva, Xi Jinping • Tone: neutral • Sentiment: negative • Intent: inform
12-05-2025
China and the US have agreed to remove most tariffs imposed since April 2 following two days of high-stakes trade talks, significantly reducing the tariff rates on each other's goods. The agreement, announced in a joint statement, lowers US tariff rates on Chinese goods to 30% and Chinese duties on US imports to 10%. Both countries pledged to remove 91 percentage points of the April tariffs and suspend a further 24 percentage points for 90 days.
Entities: China, United States, US Treasury Secretary Scott Bessent, US President Donald Trump, Beijing • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The US and China have reached a trade deal that de-escalates their trade war, with both countries agreeing to remove or suspend most tariffs imposed since April 2. The agreement, reached after two days of high-stakes meetings in Geneva, is seen as a positive development for businesses, markets, and consumers, and provides interim political relief for both powers. Analysts view the deal as a victory for China, as it achieves a significant reduction in tariffs without major concessions.
Entities: US, China, Geneva, He Lifeng, US Treasury Secretary • Tone: analytical • Sentiment: positive • Intent: inform
12-05-2025
The offshore yuan strengthened against the US dollar as China and the US reported 'progress' in their first formal trade talks since the US ramped up tariffs on Chinese goods. The two-day negotiations in Geneva yielded 'substantial progress' according to both sides, with a joint statement expected.
Entities: China, US, offshore yuan, US dollar, He Lifeng • Tone: neutral • Sentiment: positive • Intent: inform
12-05-2025
The US and China have agreed to a 90-day pause in their trade war, with a significant reduction in tariffs on each other's goods. The agreement, hailed by President Trump as a 'total reset' in US-China ties, involves a 115 percentage point deduction in tariffs, with Chinese duties on US goods dropping to 10% and US tariffs on Chinese goods falling to 30%. The move has been welcomed by markets, with Wall Street rising sharply and European stock markets also gaining. While some analysts see the agreement as a victory for China, others caution that it does not resolve the underlying structural contradictions between the two countries.
Entities: Donald Trump, China, United States, Scott Bessent, Geneva • Tone: neutral • Sentiment: positive • Intent: inform
