Luke Vargas

This story, Tripti, is obviously of foremost importance to India and Pakistan, though the world is certainly watching closely given that these are both nuclear states. How should we understand the risk here that this could escalate, potentially spiraling into something much more severe?

This story, Tripti, is obviously of foremost importance to India and Pakistan, though the world is certainly watching closely given that these are both nuclear states. How should we understand the risk here that this could escalate, potentially spiraling into something much more severe?

Have we heard anything from Beijing on this?

Have we heard anything from Beijing on this?

Tripti Lahiri is The Wall Street Journal's South Asia bureau chief. Tripti, thank you so much for the update.

Tripti Lahiri is The Wall Street Journal's South Asia bureau chief. Tripti, thank you so much for the update.

For the first time since the start of the trade war between the U.S. and China, both countries are signaling a willingness to move forward. Treasury Secretary Scott Besant and U.S. Trade Representative Jameson Greer are heading to Switzerland tomorrow, where they'll meet with China's vice premier over the weekend.

For the first time since the start of the trade war between the U.S. and China, both countries are signaling a willingness to move forward. Treasury Secretary Scott Besant and U.S. Trade Representative Jameson Greer are heading to Switzerland tomorrow, where they'll meet with China's vice premier over the weekend.

Bilateral trade has all but dried up in recent weeks after China responded to President Trump's 145% tariffs on Chinese goods with its own 125% retaliatory tariffs. Speaking on Fox News' The Ingram Angle, Besson said the meetings in Switzerland could be the start of de-escalation.

Bilateral trade has all but dried up in recent weeks after China responded to President Trump's 145% tariffs on Chinese goods with its own 125% retaliatory tariffs. Speaking on Fox News' The Ingram Angle, Besson said the meetings in Switzerland could be the start of de-escalation.

Well, news of the meeting between U.S. and Chinese officials, paired with a raft of new policy easing measures from Beijing, have seen Chinese shares shoot higher this morning. To help boost the economy, the People's Bank of China said it would lower key rates including for mortgages and relax requirements on the amount of cash that lenders must hold in reserve.

Well, news of the meeting between U.S. and Chinese officials, paired with a raft of new policy easing measures from Beijing, have seen Chinese shares shoot higher this morning. To help boost the economy, the People's Bank of China said it would lower key rates including for mortgages and relax requirements on the amount of cash that lenders must hold in reserve.

The measures were Beijing's first concrete steps since President Trump ratcheted up tariffs on Chinese goods in April. The UK and India have struck a long-awaited trade deal ensuring the tariff-free exchange of goods within a decade. Among the terms of the agreement, most British goods to India won't be taxed, and the UK is making it easier for Indian professionals to enter the country.

The measures were Beijing's first concrete steps since President Trump ratcheted up tariffs on Chinese goods in April. The UK and India have struck a long-awaited trade deal ensuring the tariff-free exchange of goods within a decade. Among the terms of the agreement, most British goods to India won't be taxed, and the UK is making it easier for Indian professionals to enter the country.

Journal reporter Kim McRae in Brussels says the breakthrough comes as many other countries are doubling down on free trade as the US erects new barriers.

Journal reporter Kim McRae in Brussels says the breakthrough comes as many other countries are doubling down on free trade as the US erects new barriers.

And Kim says those EU deals represent a two-pronged approach to trade.

And Kim says those EU deals represent a two-pronged approach to trade.

Coming up, we'll hit the rest of the day's markets news, including Novo Nordisk downgrading its guidance and cardinals gather at the Vatican to start the process of electing a new pope. We've got those stories and more after the break.

Coming up, we'll hit the rest of the day's markets news, including Novo Nordisk downgrading its guidance and cardinals gather at the Vatican to start the process of electing a new pope. We've got those stories and more after the break.