#USChinaTradeTalks US-China trade talks are currently underway in London, with US Secretary of the Treasury Bessent, Secretary of Commerce Lutnick, and US Trade Representative Ambassador Greer meeting with Chinese Vice Premier He Lifeng. The talks aim to discuss the bilateral trade deal and potentially resolve ongoing trade tensions between the two nations.
Tariffs and Tensions*: The US-China trade war, which began in 2018, has seen both countries impose tariffs on each other's goods, leading to disruptions in global supply chains and economic growth.
*Market Reaction:*
- *US Dollar*: The US Dollar Index has corrected to near 99.00, with investors awaiting the outcome of the trade talks.
- *Currencies*: The Indian Rupee has jumped to near 85.50 against the US Dollar, while the Euro and Pound have held firm above 1.1400 and 1.3550, respectively.
The talks could potentially lead to a reduction in tariffs and improved trade relations between the US and China.