Top economic officials from the U.S. and China have reached a preliminary consensus in trade talks, setting the stage for a potential breakthrough at next week’s Trump-Xi summit. The framework reportedly includes deferring China’s rare earth export controls and avoiding new U.S. tariffs, marking the
** European stocks are poised for a mostly higher open, with Germany’s DAX and France’s CAC 350 leading gains. Traders are monitoring escalating U.S.-China trade tensions over rare earth minerals, though markets show resilience. IG data indicates mixed but positive momentum. **CONTENT:**
European markets are heading for a mostly higher open to start the trading week, with investors brushing off renewed trade tensions between the U.S. and China. According to IG data, Germany’s DAX is set to rise 0.3%, France’s CAC 350 up 0.26%, and Italy’s FTSE MIB gaining 0.54%, while the U.K.’s FTSE index may open just below flat. This positive momentum follows a volatile previous week, as traders weigh threats of new tariffs against reassuring comments from leaders.
China has issued its first official response to President Trump’s threat of 100% tariffs, taking a defiant stance while calling for negotiations. The Commerce Ministry statement comes amid escalating tensions over rare earth exports and trade restrictions.
China has delivered its first official response to President Donald Trump’s threat of 100% tariffs with a defiant message that while Beijing prefers negotiation, it will not back down from a potential trade war escalation. The carefully worded statement from China’s Commerce Ministry represents the latest volley in an escalating economic confrontation that threatens to derail diplomatic progress between the world’s two largest economies.
