Markets to decide if words are enough after US-China trade talks

Quick Summary:

Financial markets will reopen needing to decide if warm words are as good as action after trade talks between the US and China ended with President Donald Trump’s advisers declaring "substantial progress” had been made, yet without providing many details.

Despite their traditional safe-haven status, Treasuries have also slipped since early April, sending the yield on 30-year bonds up to 4.83 percent on Friday, from a recent low of 4.41 percent in early April. With assistance from Matthew Burgess and Michael G.

The US side had set a target of reducing tariffs below 60 percent as a first step that they feel China may be prepared to match, people familiar with the conversations said before the weekend.

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Author / Journalist: Naomi Tajitsu, Anya Andrianova & Elena Popina | Bloomberg

Category: BusinessStartups

Markets: PhilippinesAustraliaChinaIndiaPakistanSwitzerlandUkraine

Topics: China Index Friday Week Chinese Tariffs Percent Dollar Markets Trade Talks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 11:40:21 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 985 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 28608349

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