U.S. Treasury Secretary Scott Bessen reported “substantial progress” in U.S. talks with China’s officials to de-escalate a trade war, but offered no details of an agreement reached, Emma Farge and John Revill of Reuters reports. Bessen told reporters further details would be announced on Monday and that President Donald Trump was aware of the results of the “productive talks.” Chinese companies that publicly trade in the U.S. include Alibaba (BABA), Yum China (YUMC), Tencent (TCEHY), NetEase (NTES), PDD (PDD), Nio (NIO), Baidu (BIDU), and JD.com (JD).
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