Reported about 10 hours ago
Treasury Secretary Scott Bessent stated that the upcoming deadline for a US-China tariff agreement, set for August 12, is flexible, as negotiations between the two largest economies are in a positive state. He encouraged market participants not to worry about the potential return of tariffs to previous levels, highlighting ongoing discussions with Chinese Vice Premier He Lifeng, which could occur around a significant leadership conclave in China. Bessent's comments seem to bolster investor confidence amidst a recent market rally.
Source: YAHOO