#MarketRebound

In a notable development, Trump retreats and China opens the door for trade talks.

China has expressed its readiness to resume trade talks with the U.S. just a day after U.S. President Donald Trump announced that he does not intend to deal firmly with China in tariff negotiations, expressing optimism about the possibility of reaching an agreement very quickly, which is a significant development in the trade relations between the two largest economies in the world.

According to a report by The Wall Street Journal, the White House is considering reducing tariffs on China to between 50% and 65%.