Trump might claim China tariff victory – but this is Capitulation Day | Heather Stewart
The president’s retreat suggests he might negotiate elsewhere, but leaves corrosive uncertainty in its wakeChina and US agree 90-day pause to trade warBusiness live – latest updatesDonald Trump will inevitably claim Monday’s temporary truce in the US-China trade war as a victory, but financial markets seem to have read it for what it is – a capitulation.Stocks were up and bond yields were higher after US treasury secretary Scott Bessent’s early morning press conference in Geneva, where he has been holding talks with China. Continue reading...
The president’s retreat suggests he might negotiate elsewhere, but leaves corrosive uncertainty in its wake
Donald Trump will inevitably claim Monday’s temporary truce in the US-China trade war as a victory, but financial markets seem to have read it for what it is – a capitulation.
Stocks were up and bond yields were higher after US treasury secretary Scott Bessent’s early morning press conference in Geneva, where he has been holding talks with China. Continue reading...
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