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The Latest Breaking News from Scott Bessent

Trump claims ‘total reset’ of US-China ties as 90-day pause to trade war agreed

Markets rally after Washington and Beijing agree to drastically cut reciprocal tariffs as US treasury secretary says ‘neither side wants a decoupling’

The Guardian - UK

US and China announce substantial reductions in tariffs for 90 days

The US and China agreed to lower tariffs for 90 days on Monday, as the world’s two biggest economies attempt to cool an escalating trade war.

Euronews

Trump live: President asks drugmakers to voluntarily lower prices but offers no plan to enforce it

It comes as Trump has defended reports the Qatari royal family will gift a $400 million Boeing jet to the president to use as the new Air Force One

The Independent UK

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Wall Street surges after US and China agree to slash tariffs in 90-day pause – as it happened

Donald Trump has “blinked”, says analyst, at Washington and Beijing cut reciprocal tariffs by 115 percentage points, for 90 days at least

The Guardian - UK

Asian Markets Rally After Positive China-US Trade Talks

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears.

International Business Times

US And China To Publish Details Of 'Substantial' Trade Talks In Geneva

The United States and China are set to provide details on Monday of the "substantial progress" made during talks in Switzerland over the weekend aimed at cooling trade tensions ignited by President Donald Trump's sweeping tariffs.

International Business Times

Trump hails 'great progress' as US-China trade talks in Geneva continue

The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation.

Euronews

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White House claims China trade deal reached while Beijing hails ‘important first steps’

US announcement comes after treasury secretary touted progress in two days of talks with Chinese vice-premier in Geneva

The Guardian - UK

U.S. says deal struck in tariff talks with China will help global trade deficit as White House signals reboot in relations

“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.”

Fortune

Trump Hails 'Total Reset' In US-China Trade Relations As Talks Continue

US President Donald Trump hailed a "total reset" in US-China trade relations, ahead of a second day of talks Sunday between top officials from Washington and Beijing aimed at de-escalating trade tensions sparked by his aggressive tariff rollout.

International Business Times

US and China tariff talks begin in Geneva with hope of de-escalating trade dispute

Tariff talks begin between US and Chinese officials in Switzerland on Saturday. This follows US President Donald Trump increasing US tariffs on China to a combined 145%, and China retaliating by hitting America with a 125% levy last month.

Euronews

Whiplash reversals mean Trump’s erratic trade policy is as clear as mud

The specifics of the administration’s economic masterplan – from strollers to movies to China – change by the day

The Guardian - US

Stock markets stagnate as investors wait for results of China trade talks

“Many Trade Deals in the hopper, all good (GREAT!) ones!,” President Donald Trump posted Friday on his social media app Truth Social.

Fortune

Switzerland's president hopes 'Holy Spirit' will guide US-China tariff talks in Geneva

The Swiss government said its talks with Bessent and US Trade Representative Jamieson Greer were “convivial and constructive” and were aimed to lay out the guidelines for a deal on the issue of customs duties to be discussed again in coming weeks.

Euronews

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Fortune

U.S.-China trade talks will shed light on the end goal for tariffs

The world’s two largest economies will hold official trade talks this weekend.

TechRadar

IRS could use AI to replace workers after mass layoffs

Considerable IRS workforce cuts could be replaced with bots.

International Business Times

Trump Suggests Lower China Tariff, Says 80% 'Seems Right!'

US President Donald Trump signaled on Friday that he could lower tariffs on Chinese imports, as the rival superpowers prepare for trade talks over the weekend.

International Business Times

Swiss Seize Window Of Opportunity On Trump Tariffs

Switzerland will once again Friday try to talk its way out of punitive tariffs on its exports to the United States, which would have serious ramifications for Swiss jobs and businesses.

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The Guardian - US

Why is Trump so fixated on toys for little girls?

Asked about his tariffs’ impact, the president has repeatedly pointed to dolls – because they’re seen as feminine, childlike and frivolous

Al Jazeera

After minerals deal, Trump approves arms to Ukraine, plays down peace plan

Trump has approved a $310m sale of F-16 parts and support, and told Russia and Ukraine to sort out their own ceasefire.

Barchart

S&P Futures Gain With All Eyes on U.S.-China Trade Talks, Fed Speak on Tap

June S&P 500 E-Mini futures (ESM25) are trending up +0.32% this morning as investors pin their hopes on trade negotiations between Washington and Beijing.

International Business Times

Asian Stocks Lifted By Hopes For US-China Talks After UK Deal

Most Asian equities rose Friday on growing optimism that the worst of Donald Trump's trade war is past after he reached a deal with Britain and suggested he could lower tariffs on China as officials prepare for high-stakes talks this weekend.

Salon

Senate Dems stop Trump's big crypto bill

The landmark legislation failed to advance in the Senate because of the president's growing crypto empire

Fortune

Jerome Powell says the Fed can afford to wait and see before cutting rates. Other economists aren’t so sure

A data-dependent approach might leave the central bank playing catch-up.

Barchart

‘Thank You China,’ Says Billionaire Bill Ackman as China Decides to ‘Engage With U.S.’ in Trade Talks

China’s embassy announced it plans to engage with the U.S. in the latest development in the U.S.-China trade war. Bill Ackman applauds the development.

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