China, the tariff
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Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
U.S. stocks climbed Monday after Treasury Secretary Bessent touted substantial progress on talks with the Chinese setting up a busy week of trade talks as President Trump heads to the Middle East. In economic and earnings news,
Gold sold off in Asian morning trading on Monday after progress was reported between the US and China during weekend trade talks. Bullion fell 1.8 per cent to $3,265 per troy ounce following meetings between US Treasury secretary Scott Bessent and Chinese vice-premier He Lifeng in Geneva over the weekend.
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
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Xi Jinping’s decision to stand his ground against Donald Trump could hardly have gone any better for the Chinese leader.
President Donald Trump is expected to spend the majority of his 17th week back in the office traveling overseas to the Middle East.
Bettors on Polymarket and Kalshi slashed their recession outlooks below 50% after the US-China tariff deal was announced over the weekend.