{"id":6071,"date":"2025-07-28T18:25:06","date_gmt":"2025-07-28T18:25:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dow-jones-down-sp-near-records-as-markets-focus-on-u-s-china-talks\/"},"modified":"2025-07-28T18:25:13","modified_gmt":"2025-07-28T18:25:13","slug":"dow-jones-down-sp-near-records-as-markets-focus-on-u-s-china-talks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dow-jones-down-sp-near-records-as-markets-focus-on-u-s-china-talks\/","title":{"rendered":"Dow Jones down, S&amp;P near records as markets focus on U.S.-China talks"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">After the U.S. negotiated a favorable deal with the EU, traders are now bracing for an update in U.S. trade talks with China. <\/p>\n<div id=\"cn-block-summary-block_b74985b96471dc8832a0c20c20041d6c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The U.S. made a favorable trade deal with the EU<\/li>\n<li>EU carmakers, pharma firms biggest losers of the deal<\/li>\n<li>Markets are now focused on China, with a deadline looming<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Major U.S. stock indices were mixed after an initial rally following a U.S. trade deal with the EU. On Monday, July 28, Dow Jones was down 0.10%, while the S&amp;P 500 was hovering near all-time highs, up 0.03%. The tech-focused Nasdaq saw the biggest gains, up 0.29%. <\/p>\n<p>Markets saw a wave of positive sentiment after the U.S. concluded a favorable trade deal with the EU on Sunday. The deal imposed a 15% baseline tariff on EU goods entering the U.S. On the other hand, most US goods entering the EU market will be subject to a 0% rate. <\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14400662\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Dow Jones Industrial Average heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tipranks.com\/index\/dow-jones\/heatmap\" target=\"_blank\">TipRanks<\/a><\/figcaption><\/figure>\n<p>The lopsided deal, which France called a \u201csubmission,\u201d still helped the EU avert a costly trade war with the U.S. Still, the U.S. tariff will likely cost the EU\u2019s carmakers and pharmaceutical companies billions annually, eating into their export profits. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">U.S. and China likely to extend trade talks deadline <\/h2>\n<p>Now, all eyes are on the U.S. deal with China, its largest trading partner. As the August 1 deadline approaches, a deal is still far from sight. Markets are concerned that, if a deal is not made by then, there\u2019s a likelihood of a return to mutual punitive tariffs, with effective rates at embargo levels.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Still, there is hope that the U.S. and China can agree to another 90-day extension of their negotiations. According to the Washington Post, this <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/07\/28\/us-china-trade-truce-extension\/\" target=\"_blank\">extension<\/a> is likely to come. Both Beijing and Washington are de-escalating their rhetoric, and there are signs that a China deal could be more balanced.<\/p>\n<p>According to reports so far, trade talks will focus on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/us-china-hold-new-talks-tariff-truce-easing-path-trump-xi-meeting-2025-07-28\/\" target=\"_blank\">access<\/a> to Chinese markets. On Monday, President Donald Trump stated he would \u201clove to see China open up their country.\u201d <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After the U.S. negotiated a favorable deal with the EU, traders are now bracing for an update in U.S. trade talks with China. Summary The U.S. made a favorable trade&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6071"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6071\/revisions"}],"predecessor-version":[{"id":6073,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6071\/revisions\/6073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6072"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}