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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador5/12/2025 1:27:36 AM
   of 13775
 
MARKET WILL RALLY !
Bessent reports 'substantial progress' in trade talks with China

China's He says agreement reached on 'consultation mechanism'

RYOHEI YASOSHIMA

May 12, 2025 01:36 JST
Updated on May 12, 2025 05:11 JST

WASHINGTON -- U.S. Treasury Secretary Scott Bessent on Sunday reported "substantial progress" in trade talks with China held over the weekend in Geneva as the world's two largest economies worked to de-escalate their trade war.

The high-stakes negotiations concluded in the afternoon local time. The U.S. and China are expected to announce details through a joint statement on Monday.

GENEVA, May 11 (Reuters) - The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.
Neither side released details after they wrapped up two days of talks in Switzerland. Chinese Vice Premier He Lifeng said a joint statement would be released in Geneva on Monday. Vice Commerce Minister Li Chenggang said it would contain "good news for the world."
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