The United States and China are expected to provide more details on Monday (12) about the progress made during the weekend of commercial negotiations in Geneva, Switzerland, by the world’s two largest economies.
Washington highlighted the progress towards “Agreement” on Sunday (11), after the negotiations ended, while Beijing has strengthened an agreement to start an official process for economic and commercial negotiation.
The Chinese delegation said in a press conference that both sides are planning to end the details of the “consultation mechanism” as quickly as possible, and this would publish a joint statement on Monday.
International investors celebrate interruption The trade war caused by definitions Donald Trump, who raised the global markets, boycotted supply chains and feeds fear of stagnation.
Dow Jones Futures increased around 1 %, while S&P 500 Futures increased by 1.3 % and Nasdaq Composite, with a strong weight in technology, increased by 1.7 % on Sunday night. Asian markets are working during negotiations on Monday.
US Treasury Secretary Scott Beesen and American Commercial Representative, Jameson Jarir, did not participate in the negotiations in the statement to reporters on Sunday.
“I am pleased to inform you that we did Great progress between countries Pesin said at the residence of the Swiss actor at the United Nations in Geneva, which was the stage of negotiations.
Besides Bessent, Jarir indicated that both sides have reached a kind of agreement, but he did not give any details. He referred to “a commercial deficit of $ 1.2 trillion”, called “National Emergency”, which demanded the imposition of definitions.
The commercial actor said: “It is important to understand how quickly we are able to reach an agreement, which reflects that the differences may not have been large as they thought.”
He concluded by saying: “Therefore, we are confident that the agreement that I closed with our Chinese partners will help us solve this national emergency situation and work on it.”
Both must provide more details at a press conference on Monday morning in Geneva.
Speaking at the press conference on Sunday, the Chinese deputy director, the Living player, who led his delegation, did not mention any agreement, although he was optimistic and positive, which represents a change in the tone regarding previous official data on the trade conflict with the United States.
He said that the talks were “frank, in depth and construction, made an important consensus and made great progress,” according to the CCTV state station.
He asked both parties to “maintain a practical position to solve problems” and speak frankly, and to manage differences in order to expand “cooperation cake” and pump more certainty and stability into the global economy.
one A trade agreement with China It will be a positive signal to the global economy and will provide clarity for consumers and American companies, who are preparing for potential stagnation due to the high price.
