US EditionDow adds 1,100 points, S&P 500 up 3% after the U.S. and China slash tariffs
- President Trump's administration and China agreed to reduce their tariffs in a deal reached during weekend talks in Switzerland in early May 2025.
- The agreement followed months of escalating tariffs that peaked at 145% by the U.S. And 125% by China, leading to market panic after the April 2 tariff rollout called 'Liberation Day'.
- Under the agreement, the U.S. Cut tariffs on Chinese imports from 145% to 30%, while China lowered its retaliatory tariffs from 125% to 10%, and both sides maintained ongoing negotiations.
- The S&P 500 rose 3.3%, Dow gained over 1,100 points, and Nasdaq surged 4.3%, with experts calling the tariff reduction a short-term positive amid market relief and cautious optimism.
- Despite the tariff de-escalation easing recession risks and boosting markets, analysts noted persistent uncertainty, possible economic challenges, and a potentially slow, complex negotiation process ahead.
227 Articles
227 Articles
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Friends,On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.The stock market soared on the news. (Anyone with inside knowledge ...
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