US and Chinese officials held candid and constructive talks in Paris on Sunday and agreed to enhance stability in trade relationship, according to sources familiar with the talks, while the sides met for six hours and will resume talks on Monday
Newsquawk Staff ·
- US Treasury Secretary Bessent and USTR Greer raised the need for China to buy more Boeing aircraft, US coal, oil and gas, while US and Chinese officials discussed solutions to difficulties faced by some American firms in obtaining rare earths.
- Talks will continue on a technical level on Monday.
What it means
The productive discussions between US and Chinese officials signal a potential easing of trade tensions, which could stabilize market sentiment across asset classes, especially in commodities like oil, gas, and rare earths. This type of engagement may influence currency flows, particularly in USD and CNY, reflecting improvements in trade relationships. Keeping an eye on how these negotiations unfold will be crucial, as any agreements may impact broader economic ties and market dynamics.
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