WSJ What’s News Markets Near Record Highs as U.S., China Sign Trade Deal
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Jun 27, 2025 The U.S. and China have inked a trade deal, focusing on faster deliveries of rare-earth minerals. Exciting trade negotiations are also brewing with the EU, potentially lowering tariffs on U.S. imports. Tensions rise as high tariffs impact Germany's automotive and steel sectors. Meanwhile, retailers are feeling the pinch as young consumers shift their spending habits, opting for budget-friendly choices. The economic landscape is shifting, prompting discussions on future consumer spending trends.
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EU Debates Tariff Concessions
- The EU is debating what concessions to make to the U.S., including tariff reductions and policy changes.
- Germany and Italy push for quick relief on industries hit hard by U.S. tariffs to avoid prolonged trade tensions.
EU Readies Retaliation Measures
- The EU is ready to retaliate with counter tariffs if talks with the U.S. fail.
- Despite threats, most EU members prefer a deal to prevent escalation into a wider trade war.
China-US Trade Deal Boosts Markets
- The U.S. and China finalized a trade deal including rare earth mineral deliveries to the U.S.
- The deal lifts optimism in markets, pushing stock futures higher near record highs.