U.S. equity futures popped on the news.
From CNBC, May 1:
- China said it is evaluating the possibility of starting trade negotiations with the U.S.
- Senior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start Tariff negotiations, China’s commerce ministry said.
- U.S. President Donald Trump has slapped prohibitive tariffs of 145% on imported Chinese goods this year, drawing retaliation from China to impose additional levies of 125%.
China said it is evaluating U.S. overtures to initiate trade negotiations, potentially paving the way for the world’s two largest economies to start talks to resolve a trade war that has rumbled financial markets and cast a pall on global economic activity.
Senior U.S. officials have reached out recently “through relevant parties multiple times,” hoping to start negotiations with China on tariffs, a spokesperson for the commerce ministry said in a statement Friday....
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S&P 500 futures are up 42 points (.75%) while the DJIA futures are up 361 (.88%)
