US Edition
Stocks soar after US, China strike trade truce
- On Monday, the United States and China announced a three-month pause in their trade dispute, temporarily lowering most tariffs following negotiations held over the weekend in Geneva.
- This agreement resulted from escalating tariffs that had reached as high as 145% on Chinese goods and 125% on U.S. goods, which severely disrupted trade between the two largest economies.
- Stocks surged worldwide, with the S&P 500 rising 3.3%, the Dow gaining 1,160 points, and major Asian markets also advancing, while uncertainties about long-term progress tempered some gains.
- The U.S. announced it will reduce tariffs on Chinese products from 145% to 30%, while China plans to lower its tariffs on U.S. goods from 125% to 10%. Economists predict this agreement may boost U.S. economic growth by 0.4 percentage points this year.
- Though the 90-day reprieve supports economic stability and supply chains for key retail seasons, experts warn negotiations will be slow and the overall trade war risks remain significant.
467 Articles
467 Articles
Investors cheer tariff truce, but cautious over a final deal
A breakthrough in United States-China trade talks has propelled world stocks and the US dollar higher, but investors fear further negotiations could prove a long slog, tempering optimism, as risks of a global economic slowdown persist. © New Straits Times Press (M) Bhd
Euphoria falls back after the announcement of a 90-day trade truce between the United States and China. Now, markets remain cautious. ...
ABC FOX Montana
Stocks mostly higher on cool US inflation
US and European stock markets mostly rose on Tuesday as cool US inflation data reassured concerns about the economy.
Idaho Press
Wall Street dips as euphoria over China-US trade truce fades and new inflation data arrives
Wall Street was on track to open with losses as the initial euphoria over the 90-day truce in the U.S.-China trade war faded and markets turned their attention to corporate earnings and the latest inflation data. Futures for the S&P…
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- 45% of the sources are Center
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