US CHINA TRADE TALK
Tariff talks begin between US and Chinese officials in Geneva as the world looks for signs of hope
U.S. officials initiated discussions with their Chinese counterparts in Geneva, aiming to de-escalate trade tensions marked by escalating tariffs. While a major breakthrough seems unlikely, both nations hope to scale back tariffs on each other's goods, potentially easing pressure on global markets.
US Stock Market predictions: S&P 500, Dow Jones, Nasdaq eye US-China trade talks
Stock Market in the USA will have another busy week as all eyes are on the Washington's trade talks with China, first since Donald Trump's tariff announcement.
As US, China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
Amidst a tense trade war, the U.S. and China are set to engage in preliminary talks in Geneva, though prospects for a swift resolution remain uncertain. Despite Trump's confidence in tariffs, China has retaliated, showing a willingness to withstand economic pressure.
US-China trade talk optimism drives oil prices to weekly gains
Oil prices surged nearly 2% on Friday, marking their first weekly gain since mid-April, fueled by optimism surrounding a U.S.-UK trade agreement and upcoming U.S.-China talks. Brent crude settled at $63.91 a barrel, while WTI reached $61.02, both benchmarks up over 4% week-over-week.
Gold edges higher on softer dollar ahead of key US-China trade talks
Gold prices surged over 1% on Friday, buoyed by a weaker dollar and market anticipation surrounding U.S.-China trade talks. Spot gold reached $3,340.29 an ounce, marking a 3.1% weekly gain and a 27% rise year-to-date. Trump's tariff comments and geopolitical tensions between India and Pakistan further fueled gold's appeal as a safe-haven asset, despite potential consolidation ahead.
US Stocks end flat as investors await US-China trade talks
Wall Street saw a quiet end to the week as investors awaited U.S.-China trade discussions. Donald Trump suggested tariff adjustments before the meeting in Switzerland. The Dow, S&P 500, and Nasdaq experienced slight weekly declines. Energy sector showed gains, while healthcare faced losses. Federal Reserve officials highlighted economic risks from tariffs. Expedia shares dropped after revenue miss.
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US stock market today: Wall Street slips as Dow drops 113 points, S&P 500 and Nasdaq dip 0.3%—Trump eyes 80% China tariff, UK trade deal offers hope — will trade talks calm the storm or fuel more turmoil?
US stock market today: Stocks fall Friday as traders grow cautious ahead of key U.S.-China trade talks. The Dow dipped 113 points, while the S&P 500 and Nasdaq both slipped 0.3%. Tensions remain high with President Trump suggesting an 80% tariff on China, down from the current 145%. Meanwhile, a new trade deal with the U.K. offers hope but uncertainty looms. Companies like Coinbase, Expedia, and Monster Beverage also moved on weak earnings. Investors are watching closely as the weekend's talks could shape markets going forward. Will the China talks ease pressure, or spark more volatility?
US-China trade talks a 'positive' step toward de-escalation: WTO chief
The head of the WTO has welcomed upcoming talks between US and Chinese officials this weekend, calling them a "positive and constructive step toward de-escalation" in their ongoing trade dispute, her spokesperson said on Friday.
Will Trump's proposal to cut tariffs on China to 80% signal a shift in trade policy?
Donald Trump is thinking about reducing tariffs on China. This is before important meetings between officials from the United States and China in Switzerland. These talks aim to reduce trade tensions. Trump mentioned a possible tariff decrease on social media. Top officials from both countries will discuss trade matters. This happens amid worries about the effect of tariffs on prices.
Dollar eyes weekly rise into US-China trade talks
The dollar saw a weekly increase against major currencies. This happened as a U.S.-UK trade agreement boosted hopes for U.S.-China talks. Financial markets are watching trade negotiations between Washington and Beijing. The Federal Reserve indicated no immediate rate cuts. Bitcoin surged above $100,000. Trump announced the UK deal and expects negotiations with China. The Australian and New Zealand dollars fell.
Gold firms on dip buying; US-China trade talks in focus
Gold prices edged higher on Friday as investors sought refuge in the precious metal following a previous session dip, awaiting U.S.-China trade discussions this weekend. The market is also digesting the recent U.S.-UK trade agreement and anticipating insights from Federal Reserve officials regarding the economy and monetary policy. Geopolitical tensions in the Kashmir region further influenced market sentiment.
Asian stocks edge up on optimism about trade talks
Shares in Japan, which was negotiating with the US for a deal to lower levies, jumped 1.1% while a regional gauge made moderate gains. Treasuries were little changed at the open after yields surged in the prior session, with traders paring bets on interest rates. Bitcoin extended its rally, rising 0.4% to around $103,000. Gold rebounded early Friday after falling in its two previous sessions. The Nasdaq Golden Dragon China Index rose 1% during US trading.
Trump finds a ‘very good idea’ to raise imprisoned Jimmy Lai’s case in trade talks with China
US, China trade talks: Donald Trump plans to discuss Jimmy Lai's case during trade negotiations with China. This move could potentially strain relations between the two countries. Jimmy Lai, a Hong Kong media tycoon and pro-democracy advocate, faces national security charges. He is accused of colluding with foreign forces. A verdict in his case is expected soon.
Trump says 145pc tariffs on China are here to stay for now
President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
China rolls out stimulus, ahead of talks with US
China revealed steps to tackle economic impact of trade tensions with the US. The central bank will cut interest rates and reduce bank reserve needs. This aims to boost lending and support businesses. Talks between US and China are planned in Geneva. Both economies show signs of strain. China hopes to safeguard its interests.
Gold price forecast today: with gold holding at $3,380, could Fed signals and US-China trade talks ignite a breakout toward $3,434 or even $3,500?
Gold is holding near $3,380 as markets watch for major updates from the Federal Reserve and US-China trade talks. With investors pausing after a two-day rally, all eyes are now on whether today's Fed meeting or trade headlines will move the needle on prices. The market expects interest rates to stay steady, but any hint from Jerome Powell could shake things up. Meanwhile, trade tensions are easing—but risks remain. Gold bulls are eyeing a breakout toward $3,434 if momentum returns.
Dollar languishes ahead of Fed meeting, Asian currencies calmer
News that the United States and China are due to talk on Saturday eased concerns about a trade war that has shaken investor confidence in the dollar and U.S. markets. Fed Chair Jerome Powell was expected to say more data is needed before deciding the U.S. central bank's next move.
Gold slips on US-China trade talk hopes; traders eye Fed policy
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's top economic official in Switzerland this week, U.S. officials said, in what could be the first step toward resolving a trade war disrupting the global economy.
US futures climb as Bessent-China talks confirmed
S&P 500 contracts rose 0.8% in early Asia trading on news that Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with the Chinese government later this week in Switzerland. The planned talks could buoy investors eager to see a reduction in tariffs that risk crippling trade between the world’s two largest economies.
US Treasury Secretary Scott Bessent says US could announce trade deals with some countries this week
U.S. Treasury Secretary Scott Bessent announced that the Trump administration may reveal trade agreements with key partners this week, though specifics were not disclosed. Negotiations are ongoing with 17 major trading partners, excluding China. Bessent noted that many partners have presented favorable offers, and officials are currently re-negotiating these agreements.
Bilateral trade talks between India US "moving progressively", says Piyush Goyal
Piyush Goyal says India and US trade talks are progressing well. Both economies complement each other. India aims to finalize a trade deal with the US by fall 2025. Bilateral trade is targeted to reach USD 500 billion by 2030. Goyal also mentions India's readiness to retaliate against any carbon tax imposed by the European Union.
China warns US tariffs pose 'unprecedented huge risks' to global economy amid ongoing trade war
China's finance minister criticized US tariffs for creating significant risks to the global economy at an Asian Development Bank meeting. He accused an unnamed country of initiating tariff and trade wars, advocating for multilateralism. Despite China's openness to negotiations, it insists on the removal of US tariffs, which Trump has rejected, even as both economies feel the impact.
Commodity Radar: Copper rebounds on US-China trade talk hopes; go long on May futures for this target
Copper prices rose amid optimism over potential US-China trade talks, with both sides signaling openness to negotiations. Falling inventories in Shanghai and LME further supported bullish sentiment in global and Indian copper markets.
Donald Trump hints at some trade deals as early as this week, sparking hopes for India
US President Donald Trump hinted at possible trade agreements with nations as early as this week to sidestep higher US import taxes. Discussions are ongoing with several countries, with Trump holding the final decision-making power. India is in talks with the US to avoid these taxes. Commerce Minister Piyush Goyal recently visited the US. Both countries aim for a Bilateral Trade Agreement by autumn 2025.
China says US must show sincerity before tariff talks can proceed
China's Ministry of Commerce on Friday said that the country is currently evaluating the situation after the United States made multiple recent attempts to initiate dialogue over tariffs through various official channels, according to a report by Xinhua.
China mulls opening communication lines with US on trade
China is considering trade talks with the U.S. after observing signals from Washington expressing a willingness to negotiate tariffs. This development follows increased tariffs by the U.S. and subsequent retaliation from China, potentially signaling a shift in the economic stalemate.
China 'evaluating' US offer to negotiate tariffs; Beijing's door is 'open'
China considers Washington's offer for trade talks regarding Donald Trump's tariffs. The Commerce Ministry states Beijing is assessing the proposal. China demands the U.S. rectify its practices and remove tariffs. The U.S. expresses optimism for easing trade tensions. Scott Bessent hopes for de-escalation and a larger trade deal. Xi Jinping urges officials to adapt to international changes.
China insists no trade talks with US, despite Trump claim
China refuted claims of trade discussions with the United States. This came after President Trump suggested a conversation with Xi Jinping. China's commerce ministry previously denied any economic negotiations. Beijing reiterated that no tariff consultations or agreements occurred. They accused the US of misleading statements about ongoing dialogue.
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