US President Donald Trump is set to make the final call on maintaining a tariff truce with China before it expires in two weeks, an extension that would mark a continued stabilization in ties between the world’s two biggest economies.
The two sides agreed to extend their tariff truce, Chinese trade negotiator Li Chenggang told reporters in Stockholm without providing further details. Treasury Secretary Scott Bessent, who led the US delegation with Trade Representative Jamieson Greer, later said “our Chinese counterparts have jumped the gun a little.”
In corporate news, UBS Chief Executive Officer Sergio Ermotti said that he won’t make the bank smaller to mitigate the potential impact of future Swiss capital requirements.
The two sides agreed to extend their tariff truce, Chinese trade negotiator Li Chenggang told reporters in Stockholm without providing further details. Treasury Secretary Scott Bessent, who led the US delegation with Trade Representative Jamieson Greer, later said “our Chinese counterparts have jumped the gun a little.”
In corporate news, UBS Chief Executive Officer Sergio Ermotti said that he won’t make the bank smaller to mitigate the potential impact of future Swiss capital requirements.
Today’s guests: Simon Macadam, Capital Economics Deputy Chief Global Economist, Alicia García-Herrero, Natixis Chief APAC Economist
(Source: Bloomberg)
Visited 1 times, 1 visit(s) today
