Key Takeaways The U.S. and U.K. announced a trade deal framework on Thursday, boosting Wall Street's hopes for more deals to come. U.S. and Chinese officials are scheduled to meet in Switzerland this weekend to hold their first talks since the beginning of a tit-for-tat trade war that White House officials have compared to an embargo.

Treasury Secretary Scott Bessent and trade negotiator Jamieson Greer are meeting with top Chinese officials in Geneva. These are the first meetings after President Trump and China implemented tariffs on each other.