Outcome of U.S.-China Trade Talks Better Than Expected -- Market Talk

Dow Jones2025-05-12

0759 GMT - The outcome of the U.S-China trade talks is better than market expected, Pinpoint Asset Management chief economist Zhiwei Zhang says in a note. The two sides agreed to lower tariffs substantially. "While this is not a final solution, it is a good starting point for the two countries to negotiate a full range of issues, including but not limited to trade," he says. From China's perspective, this meeting is a success as it manages to get the tariffs down significantly without making concessions, he adds. Given the current developments, China is unlikely to roll out more fiscal stimulus in the foreseeable future as the growth outlook has brightened, he says. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 03:59 ET (07:59 GMT)

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