US EditionStock futures rise after ‘substantial progress’ is made in US-China trade negotiations
- US and Chinese officials met in Geneva on Sunday evening to discuss trade negotiations amid ongoing tariff tensions.
- The talks followed sweeping tariffs of up to 145% imposed by President Trump on Chinese goods, prompting retaliation from China and market uncertainty.
- Treasury Secretary Scott Bessent reported substantial progress, while Commerce Secretary Howard Lutnick confirmed the US will not lower tariffs below 10% in negotiations.
- Stock futures rose sharply with Dow futures up about 1.03%, S&P 500 futures gaining 1.31%, and Nasdaq futures increasing 1.71%, reflecting investor optimism.
- The partial thaw in US-China trade tensions could improve economic outlooks, though tariffs will likely remain and ripple effects on inflation and imports are still uncertain.
55 Articles
55 Articles
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Idaho State Journal
World shares and US futures advance after China-US trade pact
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