Reported about 16 hours ago
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced a deal to reduce the U.S. trade deficit with China after two days of negotiations in Geneva, highlighting 'substantial progress.' Economists and investors showed cautious optimism, acknowledging that while there may be minor tariff reductions and agricultural purchase agreements, significant changes in the trading relationship are not expected. Market reactions are anticipated to be influenced by future details of the deal, amid hopes for a constructive trade dialogue.
Source: YAHOO