#TradeWarEases

Announcement of the upcoming US-China trade agreement — Markets brace for a major reaction

Global markets are in a state of suspense as the United States and China are reportedly close to reaching a preliminary trade agreement following tense negotiations in Geneva. While full details have yet to be made public, both sides have signaled that an official announcement is expected soon.

What we know so far

Significant progress reported: US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer described the negotiations with Chinese Vice Premier Le Loi Phong as achieving "significant progress," referring to the ongoing easing of trade tensions.