Asia-Pacific stock markets have experienced a mixed trading session recently as regional investors remain uncertain about the ongoing US-China talks. The trade meeting was held in Stockholm, Sweden, as Scott Bessent (US Treasury Secretary) and He Lifeng (Chinese Vice Premier) led the discussions.
The US Secretary announced that an extension of the trade truce is anticipated. He further mentioned that Beijing’s oil purchases from Russia and Iran would be central topics of discussion.
Last Sunday, US President announced that tariffs on European Union exports to the US would be reduced to 15% and that US-China talks would commence on Monday. This has put global investors on edge, as they believe this week could be crucial and have a significant impact on the world economy.
Previously, the US President had also warned that if a trade deal with the EU were not reached within a specific timeframe, a 30% tariff would be imposed on European goods sold in the United States.
