- American and Chinese officials are set to talk trade Saturday and Sunday. But Treasury Secretary Scott Bessent warned not to expect an immediate trade deal—and there remains a tariff-related recession risk beyond the two economies, according to Goldman Sachs. Plus, today is Fed day: Most anticipate the central bank to leave interest rates untouched, but Goldman sees three interest rate cuts beginning July.
Two global superpowers are in a tit-for-tat trade war after the president placed a 145% tariff on China, and Beijing retaliated. But things could be changing.
