The White House has announced that substantial progress has been made in trade talks between the United States and China, though no official deal has yet been confirmed, leading to investor skepticism. Treasury Secretary Scott Bessent stated that details regarding the ongoing negotiations will be provided on May 12. Despite this optimistic declaration, Bessent did not mention the term 'deal' in his remarks, further fueling uncertainty. US Trade Representative Jamieson Greer acknowledged the progress without providing specific details, leaving market participants anxious about the implications of these discussions. The uncertainty is compounded by recent fluctuations in financial markets resulting from previous tariff policies enacted during the Trump administration, which have left investors wary of future decisions regarding trade and tariffs. The lack of a clear, comprehensive trade policy has led to instability in various asset markets. Overall, while the White House emphasizes positive developments, the absence of concrete information raises questions about the actual outcomes of these important trade discussions.

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