The crypto market cap stood at $3.44 trillion as President Donald Trump claimed that the trade deal with China has been finalized, pending final approval from him and President Xi Jinping. The U.S. gets 55% tariffs, and China gets 10% tariffs, Trump added. He also said:

After two days of talks in London, the U.S. and China late Tuesday agreed on what they called a framework to get a May trade truce back on track. Investors yawned, with U.S. stock-index futures a shade lower Wednesday morning.

Coercive trade policies are not a sustainable solution to today’s trade tensions,’ European Central Bank President Christine Lagarde said without mentioning Trump’s name

China's Vice President Han Zheng arrived in Spain on Tuesday for a four-day trip during which he will meet with King Felipe and Prime Minister Pedro Sanchez, a further sign of increasingly close economic and political ties.

U.S. and Chinese negotiators agreed late Tuesday to try again to implement the trade war truce that had collapsed after it was reached during an earlier round of talks in Geneva.

SEOUL (Reuters) -South Korean President Lee Jae-myung said he was scheduled to have a telephone call with Chinese President Xi Jinping on Tuesday, according to YTN TV. Lee took office on June 4 after winning the presidency in a snap election called after the ouster of Yoon Suk Yeol over his failed martial law attempt and has since spoken to U.

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.