Reported 1 day ago
President Trump indicated that the current 145% tariffs on Chinese imports are unsustainable and will significantly decrease, while Treasury Secretary Scott Bessent hinted at a potential deescalation of the ongoing trade war. This optimistic outlook on trade negotiations has motivated investor confidence, despite ongoing tensions where China has raised its tariffs on US goods. Trump's comments suggest a willingness to negotiate, though China remains firm in its stance, asserting it is open to talks under the right conditions.
Source: YAHOO