US Treasury Secretary Bessent says US-China ties are stable but competitive, aiming for fair competition and de-risking, not decoupling, while he adds China must rebalance amid persistent USD 1tln trade imbalance
The remarks by the US Treasury Secretary suggest a nuanced stance in US-China relations, emphasizing stability and competition without heading towards full decoupling.
US President Trump says Iran wants to make a deal and it would be foolish if they didn't
US President Trump says our employment numbers are really good and remain good after government job cuts
US Treasury Secretary Bessent says US-China ties are stable but competitive, aiming for fair competition and de-risking, not decoupling, while he adds China must rebalance amid persistent USD 1tln trade imbalance
US Private Energy Inventory Data (bbls): Crude +13.4mln (exp. +0.8mln), Distillates -2.0mln (exp. -1.3mln), Gasoline +3.3mln (exp. -0.4mln), Cushing +1.4mln
Amazon (AMZN) discloses 11.8 mln Class A share stake in Beta Technologies (BETA)
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This may imply continued economic interdependence which could influence currency and commodity markets, particularly as trade balances are addressed. Monitoring how this affects risk sentiment and the broader geopolitical landscape will be crucial.
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