<div id="readability-page-1" class="page">Trump told Fox News that China will open its market in stages, buy US farm goods and oil, and receive shipments at Texas, Louisiana and Alaska ports, as oil prices rose and equity futures fell.Summary:<ul><li>Trump said China will open its market in stages and intends to purchase significant volumes of US agricultural products and oil</li><li>Chinese oil shipments were described as heading to Texas, Louisiana and Alaska</li><li>Visa Company was raised by Trump as a topic in the US-China talks, though no detail was provided</li><li>Oil prices rose following the comments while US equity index futures declined</li><li>The 10-year US Treasury yield continued to climb, moving above 4.5%</li></ul>Main article: President Donald Trump used a Fox News interview on Thursday evening to outline what he described as significant concessions and commitments from China following recent trade talks, though the remarks were characterised by limited detail and broad assertions that markets appeared to greet with caution.Trump said China would open its market in stages, a formulation that signals a gradual rather than immediate shift and leaves considerable ambiguity around the pace and scope of any liberalisation. He said China would buy substantial volumes of American farm products, consistent with comments made earlier in the day by US Trade Representative Jamieson Greer, who flagged an expected agricultural deal worth double-digit billions of dollars. Trump also said China wants to purchase US oil, with shipments set to be directed to ports in Texas, Louisiana and Alaska.The mention of Visa Company as a topic raised during the China talks was notable but unexplained, with no further detail offered on what was discussed or what outcome, if any, was sought.Market reaction to the interview was mixed at best. Oil prices moved higher on the energy trade comments, while US equity index futures declined, suggesting investors were not fully persuaded by the optimism or were already focused on a more pressing concern: yields. The 10-year US Treasury yield continued its climb, pushing above 4.5%, a level that historically exerts meaningful pressure on equity valuations and risk appetite more broadly.The juxtaposition of a president talking up trade progress while bond markets and equity futures move in the opposite direction captures the tension that has defined markets this week, where geopolitical and trade developments are competing for attention with a rate environment that is becoming harder to ignore.-Oil markets are drawing support from Trump's comments that China wants to buy US crude, with shipments flagged to Texas, Louisiana and Alaska ports, though the vagueness of the remarks leaves the scale and timeline undefined. Equity index futures declining alongside rising yields suggests markets are tempering enthusiasm for the trade optimism with concern about the broader rate environment, where the 10-year Treasury yield climbing above 4.5% is doing its own work on risk appetite. Agricultural commodity markets may find near-term support from the farm product purchasing comments, consistent with the double-digit billion dollar deal flagged earlier by USTR Greer. The combination of rising oil and rising yields is a challenging backdrop for equities regardless of trade headline flow.</div>

Trump announced on Fox News that China will gradually open its market and purchase significant amounts of US agricultural products and oil, with shipments directed to Texas, Louisiana, and Alaska. While oil prices rose, US equity index futures fell, and the 10-year Treasury yield surpassed 4.5%. The market reacted cautiously to these developments, reflecting concerns over rising yields and their impact on equity valuations.

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Trump touts China trade wins on Fox as oil rises and markets turn cautious (equities down)