U.S. and China will talk more on extending tariff truce
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Asian markets were mixed Wednesday (July 30) as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting.
The US should work with China to continue to enhance consensus, reduce misunderstandings, strengthen cooperation, further deepen dialogue and consultations, and strive for more win-win outcomes, Chinese Vice Premier He Lifeng said in Stockholm on Tuesday,
U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said on Tuesday as President Donald Trump announced a deal with the Philippines and released terms of a previous deal with Indonesia.
The US Dollar Index receives support from trade optimism following the US-EU trade deal. US-China trade talks are scheduled to resume on Tuesday, after five hours of negotiations were held in Stockholm on Monday.
The Australian dollar rose to a yearly high on Friday and could break through a key barrier on a US-China trade deal or higher than expected inflation.
President Donald Trump's confused messaging depresses business and consumer confidence, slows growth and imposes recession risks.
The Trump administration is imposing a substantial tariff on a raw material that is critical for electric vehicle batteries, which could significantly raise the cost of building EVs in the United States.
The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the ...
Crude futures gained ground as the trade agreement between U.S. and the EU helped ease some demand concerns, while President Trump’s reduction in the 50-day deadline for Russia to reach a cease-fire with Ukraine gave prices an added boost.