June S&P 500 E-Mini futures (ESM25) are down -0.59%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.79% this morning as mixed signals from the Trump administration prompted investors to temper their expectations for swift progress in resolving the U.S.-China tariff dispute.
U.S. President Donald Trump indicated that the U.S. is going to have a fair deal with China, adding late Wednesday that the country could be assigned a new tariff rate within the next two to three weeks. At the same time, U.S. Treasury Secretary Scott Bessent stated that President Trump has not proposed removing U.S. tariffs on China on a unilateral basis. Also, China’s Commerce Ministry said on Thursday that no negotiations have taken place on economic and trade matters, and urged the U.S. to remove all unilateral tariffs if it truly aims to resolve problems between the two nations.
