US and China extend trade truce as Trump welcomes Xi Jinping, Bloomberg reports
The United States and China have extended a trade truce, with President Trump welcoming Chinese leader Xi Jinping, according to Bloomberg reporting. The move comes as global bond markets face pressure from strong US economic data and weak Treasury auction demand, pushing yields to nearly two-decade highs.
✓ Verified
- ✓US and China extended a trade truce. (Bloomberg Television)
- ✓Trump welcomed Xi Jinping. (Bloomberg Television)
- ✓Global bond selloff intensified driven by robust US economic data and weak Treasury auction demand. (Bloomberg Television)
- ✓Treasury yields reached highest levels in almost two decades. (Bloomberg Television)
~ Interpretation
- ~The trade extension signals stabilization in US-China economic relations. (Bloomberg analysis, not independently verified)
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