US and China have reached a trade framework
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China, trade deal
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Cryptopolitan on MSNEU expects trade talks with US to miss Trump’s July 9 deadline despite recent progressTrade officials in Brussels no longer believe negotiations with the United States will be done by Trump’s July 9 deadline, even though both sides have picked up the pace in the past week.
Donald Trump has said the US and China’s deal to restore their trade war truce is “done” after two days of marathon negotiations in London. In a post on his Truth Social network on Wednesday the US president hailed a breakthrough reached in bilateral talks in London late the night before.
Indian and U.S. negotiators made progress in their latest round of talks in New Delhi on Tuesday on a bilateral trade deal, having focused on market access for industrial and some agricultural goods,
Commerce Secretary Howard Lutnick said the European Union is likely to be among the last deals that the US completes, as the administration rushes to secure tariff agreements with other trading partners.
Officials from the world’s largest economies will try to strike a deal Tuesday to relax painful export restrictions that they have imposed on each other.
The U.S. Trade Representative softened fee proposals for non-U.S.-built LNG tankers and car carriers amid its ongoing effort to counter China's dominance on the high seas and revive domestic shipbuilding.
A US trade team that’s currently in India for negotiations has extended its stay, according to people familiar with the matter, in a sign talks are progressing ahead of a July deadline.
Wall Street this week cautiously rallied, betting President Donald Trump might take a softer tone on his trade war. Investors on Friday got their wish as the president said the next round of US-China trade talks is set to take place on Monday.