China's Vice Premier He Lifeng: On China-U.S. trade talks, both sides had in-depth exchange.
*He Lifeng: Trade talks were constructive, made substantive progress.
*He Lifeng: Both sides reached important consensus.
*He Lifeng: Trade talks were constructive, made substantive progress.
*He Lifeng: Both sides reached important consensus.
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Chinese Trade Lead: Talks were constructive, we made some progress. Provides no details on items discussed, potential trade deal outline
China's Vice Premier He Lifeng: Meeting was an important first step.
*There are some differences, but frictions are unavoidable.
*The nature of China-US trade relations is a mutual win-win.
*We are going to inject more certainty and stability into the world economy.
*China is ready to work with the US to manage differences, extend the list of cooperation, make pie of cooperation bigger.
*There are some differences, but frictions are unavoidable.
*The nature of China-US trade relations is a mutual win-win.
*We are going to inject more certainty and stability into the world economy.
*China is ready to work with the US to manage differences, extend the list of cooperation, make pie of cooperation bigger.
Chinese Vice Commerce Minister Li Chenggang: Any deal to be reached will be in China's development interest.
Citi: US-China trade talks likely to result in a potential "Phase 1.5" deal.
*Tariffs related to fentanyl and escalatory tariffs could be rolled back
*China is likely to make concessions in reversible areas
*probably that US effective tariff rate on imports from China will be reduced to around 45% as talks move to challenging phase of negotiations
*Tariffs related to fentanyl and escalatory tariffs could be rolled back
*China is likely to make concessions in reversible areas
*probably that US effective tariff rate on imports from China will be reduced to around 45% as talks move to challenging phase of negotiations
🚨US Treasury Secretary Bessent to provide a briefing on US-China talks at 08:00 BST / 03:00 ET, via Bloomberg. [in 30 minutes]
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🚨China-US Joint Statament: US tariffs on China to include a 10% base plus a 20% fentanyl levy
🚨Bessent: We've reached an agreement on a 90 day pause and have substantially moved down the tariff walls
Bessent: We now have a process, plan and mechanism to continue to talk with China
JP Morgan: US-China tariff cuts exceed expectations [and so will the pumps at US open]
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