US-China to Continue Trade Talks
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China, Scott Bessent and Robust
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The US and China have wrapped up another round of trade talks without any major breakthroughs, despite discussions that both sides described as "constructive".
Tariff talks between the US and China are winding down in Stockholm with expectations of a 90-day pause that would keep current rates in place and possibly pave the way for a Trump–Xi Jinping meeting later this year.
Beijing continues to defy U.S. sanctions as the leading importer of Iranian oil and the second-largest buyer of Russian crude, much of which is funneled through a growing fleet of untracked "ghost ships.
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Chinese and U.S. trade officials have arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world’s two largest economies.
Taiwan's President Lai Ching-te is set to delay a diplomatically sensitive trip his team had floated to the Trump administration for August that would have included stops in the United States, according to three people familiar with the matter.
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Cabrera, MCC Global Enterprises CEO, join 'Power Lunch' to discuss the United States' trade policies with the rest of the world.
Asia-Pacific markets fell as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates.