A report earlier immediately indicated that Treasury Secretary Scott Bessent will converse by cellphone immediately with Chinese language Vice Premier He Lifeng to debate the continued commerce negotiations. It isn’t clear what time that was scheduled for as it could have needed to been early this morning Washington time or late this night, to ensure that the time zones to align.
The high-level talks are an excellent signal that there’s at the very least a will to make progress and de-escalate. Trump immediately stated “I feel we’re going to do high quality with China.”
I might assume the market is anticipating some constructive developments on the weekend however we by no means priced in any actual bother both, provided that Trump TACO’d on the weekend.
