Monday, February 19, 2024
Monday, February 19, 2024
Monday, February 19, 2024

Making Mends! US-China trade talks lift stocks to record high




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Wall Street futures extended gains Tuesday, pulling the Dow closer to a fresh all-time high, after the U.S. and China reaffirmed their commitment to the phase one trade deal and AstraZeneca moved forward with a coronavirus vaccine that could ultimately be fast-tracked by the Trump administration.

U.S. Treasury Secretary Steve Mnuchin, along with Trade Representative Robert Lighthizer, held a phone call with China’s Vice Premier, Liu He, late Monday that “addressed steps that China has taken to effectuate structural changes” in the trade agreement signed earlier this year.

“Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement,” the U.S. Trade Representative’s office (USTR) said in a statement.

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