Trump cuts a deal with China
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The White House issued a statement saying the U.S. announced a trade deal with China after talks between U.S. and Chinese delegations concluded in Switzerland on Sunday. No other details were given. In a statement released by the Trump administration,
The good news on tariffs and economy and for Tesla are already starting to show in the share price. May 11, 2025 overnight trading is seeing Tesla up by 7.7%
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
The United States and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit while Chinese officials said the sides had reached "important consensus.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”