A post by @FirstSquawk on X.

China’s Ministry of Finance said the finance ministries, financial regulators and central banks of China and the United States separately signed a memorandum of understanding on fiscal cooperation. The agreements were reached by the two countries’ respective authorities rather than through a single joint signing. The MoU covers fiscal policy coordination between the world’s two largest economies. It matters because formalized fiscal dialogue can reduce uncertainty around budget and regulatory policy at a time of heightened trade and financial-market tension. What to watch next is whether the arrangement produces concrete coordination on fiscal and regulatory matters, and how markets interpret the depth of the commitment.