Breaking news - Scott Bessent and China's Vice Premier He to meet in Switzerland
Headlines came out a few hours ago saying that Treasury Secretary will meet with China’s Vice Premier He in Switzerland next week. This is a big deal, and the market will speculate that deal will be made between the US and China to bring the tariffs down.
China also announced some monetary stimulus, cutting its 7-day reverse repo rate to 1.4% from 1.5% and cutting the reserve requirement ratio by 0.5 points.
