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Markets rise as US and China agree to slash tariffs
Under the new agreement, the US and China have both suspended all but 10% of their Liberation Day tariffs for 90 days and cancelled other retaliatory tariffs. This will cut US tariffs on Chinese imports to 30%, while Chinese tariffs on US imports will be cut to 10%. The pause will begin on 14 May.
Trump tariffs live updates: US, China agree to slash tariffs in 90-day trade truce
The US and China have agreed to put most tariffs on pause for 90 days, marking a major deescalation in a trade tit-for-tat that has roiled global markets. Treasury Secretary Scott Bessent, who led weekend trade talks for the US delegation,
The “dream scenario” for tech investors helped send the S&P 500 to its highest level since early March.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal ...
Former Trump advisor Stephen Moore said the market rebound that came as China and the U.S. agreed to a 90-day pause on ...
A deal with China is a relief to investors who worried 145% tariffs would severely limit trade, raise prices and hurt the US ...
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