US and EU reach trade deal
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Asian equities were mostly higher overnight as Vietnam and Indonesia outperformed while Japan and India underperformed. Hong Kong and Mainland China were both higher overnight on high volumes as health care stocks outperformed,
In the wake of the Trump administration’s trade deal with the European Union, investors have turned to watching for other agreements ahead a deadline at the end of this week — and they’re looking for progress in talks with China,
Fresh off his announcement of securing a trade deal with the European Union, President Donald Trump hopes he can do the same with China.
The United States and China are poised to start a fresh round of talks in Sweden, aiming to extend a temporary trade truce that held back triple-digit tariffs while the world’s two biggest economies try to broker a lasting deal.
China has slowed or halted purchases of a slew of US energy and farm goods in 2025, but shipments could soar again after a US-China trade deal.
Top U.S. and Chinese officials negotiate in Sweden to extend their trade truce, as the Trump administration races to finalize deals before tariff deadlines expire.
"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."
Questions, critiques and discrepancies are hanging over the framework agreement, but investors seem to view it as a win all the same.