Investors welcome news of progress in US-China trade talks
(Reuters) -Investors welcomed the conciliatory tone at U.S.-China trade talks this weekend aimed at cooling a trade war between the world's two largest economies and dispel some of the uncertainty clouding financial markets, though few expect a major breakthrough just yet. Both sides declined to elaborate on negotiations, saying that further details will be released on Monday, though U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer on Sunday said a deal had been reached with China to cut the U.S. trade deficit. The meeting in Switzerland could mark one of the biggest developments since U.S. President Donald Trump launched sweeping tariffs on April 2, which threw the global trade landscape into chaos and set off extreme market volatility.