US-China Trade Talks in London
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U.S. and China Agree to Stick to Prior Trade Truce
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US stock futures wavered as Wall Street digested the progress on US-China trade negotiations, a fresh legal ruling on President Trump tariffs, and braced for the release of the May inflation report.
US Commerce Secretary Howard Lutnick said the deal should result in restrictions on rare earths and magnets being resolved. Both sides said they would now take the plan to their country's presidents - Donald Trump and Xi Jinping - for approval.
India's benchmark indexes are poised to open marginally higher on Wednesday, mirroring gains in other Asian markets on signs of progress in trade talks between the U.S. and its key trading partners such as India and China.
From day 1 of US-China trade talks to Chinese state media pouncing on chaos in Los Angeles, here’s a round-up from today’s coverage.
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Trump administration officials are expected to meet with Chinese representatives in London on Monday for trade talks. On the U.S. side, the group includes Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.