China-US trade optimism lifts global stocks
A source says the two countries appear close to a deal that will roll back US tariffs on at least $200bn worth of Chinese goods
London — Global shares rose on Monday amid growing optimism the US and China will reach a trade agreement as soon as later in March. US President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal on about March 27, given the progress in talks between the two countries, the Wall Street Journal reported on Sunday. The two nations have imposed tit-for-tat tariffs on billions of dollars' worth of each others' goods, roiling financial markets, disrupting manufacturing supply chains and shrinking US farm exports. A source briefed on the negotiations said that the two countries appeared close to a deal that would roll back US tariffs on at least $200bn worth of Chinese goods. Stock markets welcomed the news, with European markets following their Asian counterparts higher. The pan-European Stoxx 600 index was up 0.4%. MSCI's all country world index, which tracks shares in 47 countries, was up 0.1% on the day. "The key question is, will all tariffs will be removed ...
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