US Treasury Secretary Scott Bessent said on Tuesday that the status quo situation with China was “working pretty well” as the world’s two biggest economies have in recent days extended a truce in their bitter trade dispute surrounding tariffs. “China is right now the biggest revenue line in the tariff income,” Bessent said in an…
STOCKHOLM: Top trade officials from China and the US launched a new round of talks Monday in a bid to ease tensions over tariffs between the world’s two biggest national economies.US treasury secretary Scott Bessent and Chinese vice premier He Lifeng were meeting at the offices of Sweden’s prime minister for two days of talks…
Hong Kong stocks rose for a sixth straight day after Beijing unveiled a number of measures to support the economy and stabilise its markets ahead of US-China tariff talks this weekend. Overnight, the US Federal Reserve kept its interest rate unchanged, reiterating that it was not in a hurry to make cuts. Also, the Trump…