Investors welcomed the conciliatory tone at US-China trade talks over the weekend aimed at cooling a trade war between the world's two largest economies and dispelling some of the uncertainty clouding financial markets, although few expected a major breakthrough just yet. Both the US and China declined to elaborate on negotiations, saying that further details will be released on Monday, although US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer on Sunday said a deal had been reached with China to cut the US trade deficit. "This is a step in the right direction, showing that both sides are interested in coming to a constructive conclusion and develop a better trade relationship," said Eric Kuby, the chief investment officer at North Star Investment Management Corp in Chicago.
Published at: 2025-05-11 21:07:00
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