US ‘close to 10 trade deals’ after China rare earth agreement reached – business live

Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Hopes are building that the US may be close to announcing more trade deals, and avoid imposing punishing new tariffs that would disrupt the global economy.“We just signed with China yesterday.”“The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement……how we can implement expediting rare earths shipments to the US again.”“We’re going to do top 10 deals, put them in the right category, and then these other countries will fit behind.”“Those who have deals will have deals, and everybody else that is negotiating with us, they’ll get a response from us and then they’ll go into that package. If people want to come back and negotiate further, they’re entitled to, but that tariff rate will be set and off we’ll go.”10am BST: EU consumer and business confidence stats1.30pm BST: US PCE inflation report for May3pm BST: University of Michigan’s US consumer confidence index Continue reading...

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