Bessent: UK, Switzerland have moved to the front of the queue on trade deals

• There’s a chance if we can open up trade to China, we could have more fair trade towards the US
• China has not yet rebalanced towards a consumption-oriented economy

And that’s the end of the press conference. S&P 500 futures are up 2.8% on the day, up from around 1.5% gains before the joint statement and briefing. Meanwhile, the dollar is much higher across the board with USD/JPY near 147.50 – up 1.5% on the day.

This article was written by Justin Low at www.forexlive.com.