Xinhua News Agency has just reported that the U.S. and China held a video call, attended by U.S. Treasury Secretary Becerra and the trade representative. Both sides agreed to quickly launch a new round of consultations, and it seems that the situation is gradually improving. Perhaps there will be more substantial progress next week.
Meanwhile, Trump also sent out a "friendly signal" last night, stating that the high tariff policy is difficult to maintain in the long term and that he will maintain a good relationship with China in the future, even possibly having a meeting. This statement directly boosted market sentiment, and risk aversion clearly decreased.
However, to be fair, Trump has always been more talk than action, and the real ones affected are still the market participants. In the short term, it's a slight positive, but don't be too optimistic too soon.
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