Markets to decide if 'substantial progress' enough after US-China talks

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Markets to decide if 'substantial progress' enough after US-China talks - Business Standard

Quick Summary:

A week later, Trump paused the steepest of the tariffs on most countries other than China, sparking a rally in the S&P 500 that was the best since the 2008 financial crisis.

The US side had set a target of reducing tariffs below 60 per cent as a first step that they feel China may be prepared to match, people familiar with the conversations said before the weekend.

The region’s CSI 300 Index has come close to recouping all its losses since Chinese goods were targeted with US tariffs above 100 per cent early last month.