Bloomberg reported that US Treasury Secretary Vincent said on the 7th local time that he expects to meet with Chinese officials in the coming weeks to promote Sino-US consultations on trade and other issues. "I will be meeting with my Chinese counterpart sometime in the next few weeks," Mr. Bessant told CNBC. "We had very good meetings in Geneva and London, and both sides were very respectful."
Wall Street moguls point out that the US-China trade deal removes "significant tail risks" to the economy, and the Federal Reserve is expected to rebalance its dual mandate, but there are still latent risks in the market. Click to view...
Ray Dalio, founder of Bridgewater, has issued a stark warning about the economic impact of President Donald Trump's new tariffs, saying they could lead to increased global stagflation and significantly reshape Sino-US trade relations.