U.S.-China Talks' Progress a Positive Step in Right Direction, Wedbush Says -- Market Talk

Dow Jones05-12

2358 GMT - U.S.-China trade talks held over weekend appear to show substantial progress, Wedbush analysts say, citing comments from Treasury Secretary Bessent. Although the details and framework for the U.S.-China trade deal will be key and discussed Monday, "this is a huge positive in the right direction for the markets and more progress has come out of these Swiss talks than even the bulls were hoping for heading into Friday night," the analysts say. "The talks were very productive and we would expect at a minimum the 145% tariff to initially go to a much lower level with potentially a freeze on some of these China tariffs while more talks continue and a framework for a deal becomes clearer," the analysts add. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 11, 2025 19:58 ET (23:58 GMT)

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Although the details and framework for the U.S.-China trade deal will be key and discussed Monday, \"this is a huge positive in the right direction for the markets and more progress has come out of these Swiss talks than even the bulls were hoping for heading into Friday night,\" the analysts say. \"The talks were very productive and we would expect at a minimum the 145% tariff to initially go to a much lower level with potentially a freeze on some of these China tariffs while more talks continue and a framework for a deal becomes clearer,\" the analysts add. 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