Quotes
We expect it will not be until the May CPI data are out before we see broad evidence of tariffs showing up in inflation data,
analysts at ANZ wrote in a note
What we seem to have here, then, is a broad framework under which the two nations can conduct further talks, with the aim of reaching a broader trade agreement,
said Michael Brown, a senior research strategist at PepperstoneNot the worst case outcome that was possible from this weekend's talks, far from it, but not a concrete deal either,
he addedIn this regard, we think June is too early for the Fed to cut rates and maintain our view that Q3, and most probably September, is a more realistic time frame,
they addedI'm not sure I would hit the 'buy' button on what we have heard today, but if we can make substantive progress with China I think the market will like it,
said Jack Ablin, founding partner and chief investment officer at Cresset Capital in Chicago
They all look a little bit like the UK deal but each one is bespoke,
Hassett saidThe meeting achieved substantial progress, and reached important consensus,
He said, drawing applause from a large audience of Chinese officials present at the WTO officeThis is a step in the right direction, showing that both sides are interested in coming to a constructive conclusion and develop a better trade relationship,
said Eric Kuby, the chief investment officer at North Star Investment Management Corp. in ChicagoMarkets may be encouraged by some agreement on a deal, but it will remain contingent on further details being released,
said Gennadiy Goldberg, head of US rates strategy at TD Securities in New York
The talks reflect that the current state of the trade relations with these extremely high tariffs is ultimately in the interests of neither the United States nor China,
Citigroup global chief economist Nathan Sheets told news agency AFP
Any reduction in tensions is good news for businesses that depend on trade between the United States and China, ... but I would be cautious about expecting too much from just two days of meetings.”
Ana wrote
I love to see these nerds all of a sudden try to man up,
one venture capitalist’s trainer saidWe’re essentially starting over, starting from scratch with the Chinese, ... and they seem to think that they really want to rebuild a relationship that’s great for both of us.”
Hassett said
We are the consumer of the world. Everybody wants to sell their goods here,
Lutnick saidTalks should never be a pretext for continued coercion or extortion, and China will firmly reject any proposal that compromises core principles or undermines the broader cause of global equity.”
In its editorial, Xinhua statedSecretary Bessent has made clear that one of his objectives is to de-escalate,
US Commerce Secretary Howard Lutnick, who was not in Geneva, told “Fox News Sunday.”Negotiations to begin de-escalating the growing US–China trade war are badly needed, and it’s a positive sign that both sides were able to gracefully move beyond their bickering over who had to call first,
Jake Werner, director of the East Asia Programme at the Quincy Institute for Responsible Statecraft, said in an email to APU.S. Announces China Trade Deal in Geneva”
The White House subsequently issued a statement titled
I’m happy to report that we made substantial progress between the United States and China in the very important trade talks,
Bessent said
We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency,
Greer added