A report earlier in the present day indicated that Treasury Secretary Scott Bessent will converse by telephone in the present day with Chinese language Vice Premier He Lifeng to debate the continued commerce negotiations. It is not clear what time that was scheduled for as it might have needed to been early this morning Washington time or late this night, to ensure that the time zones to align.
The high-level talks are an excellent signal that there’s no less than a will to make progress and de-escalate. Trump in the present day mentioned “I believe we’re going to do wonderful with China.”
I might assume the market is anticipating some optimistic developments on the weekend however we by no means priced in any actual bother both, on condition that Trump TACO’d on the weekend.
