The US and China have finalized a trade understanding reached last month in Geneva, which includes China's commitment to deliver rare earths used in various industries. That's according to US Commerce Secretary Howard Lutnick. Bloomberg's Minmin Low reports on the latest.
With the Lutnick statement claiming a trade truce between US and China, market optimism is likely to be fuelled amid hopes that these negotiations will pave way for long-term economic stability.
Lutnick's announcement of the signed US-China trade truce marks a milestone in global economic relations, signaling progress towards decreasing tariffs and potentially fostering greater cooperation between two major economies.
The signing of the US-China trade truce by Lutnick symbolizes a significant step towards calming bilateral tensions and restoring balance to global markets, paving an optimistic path for future economic cooperation despite ongoing challenges.
The signing of the US-China trade truce as stated by Lutnick signifies a potential turnaround in global economic relations, marked with hope for mutual benefit and lessened tensions between two world superpowers.
The joint statement marked by Lutnick symbolizes a momentary truce in the ongoing US-China trade war, echoing hopes for future negotiations towards greater mutual understanding and economic cooperation.
