US EditionWorld shares make modest gains as euphoria over China-US trade truce wavers
- On May 12, 2025, the United States and China agreed to a 90-day truce on tariffs following weekend talks in Geneva, Switzerland.
- This truce resulted from rising economic pressures and previous tariff levels as high as 145% on Chinese goods and 125% on U.S. Goods.
- The deal entails lowering U.S. Duties on imports from China to 30% and China's duties on American products to 10%, with the goal of temporarily alleviating trade disputes.
- Following the announcement, the Nasdaq surged 3.5% and the S&P 500 rose 3.3%, with Stephen Innes stating the outcome "surpassed most expectations, reassuring investors."
- Despite market gains, analysts warn the pause may be brief and deeper trade issues remain unresolved, suggesting ongoing uncertainty in U.S.-China relations.
71 Articles
71 Articles
Idaho Press
World shares make modest gains as euphoria over China-US trade truce wavers
Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades. U.S. futures and oil prices fell. Investors were sobered after Monday's rallies…
Prince George Citizen
Asian shares are mixed as euphoria over China-US trade truce fades
Asian shares were mixed Tuesday as the initial euphoria over the 90-day truce in the trade war between the United States and China faded, as analysts warned President Donald Trump’s policies could still quickly change.
U.S. and China hit the pause button on trade war for 90 days, as talks continue • Idaho Capital Sun
Treasury Secretary Scott Bessent prepares to testify before the Senate Finance Committee during his confirmation hearing in the Dirksen Senate Office Building on Capitol Hill on Jan. 16, 2025 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)The United States and China agreed Monday to lower steep tit-for-tat tariffs for 90 days, temporarily cooling a trade war but still leaving a cloud of uncertainty over businesses in the world’s tw…
U.S. and China hit pause on tariff war
For the next 90 days, the two countries will temporarily ease tariffs on each other’s goods as trade talks continue. But what does this deal mean for the broader economy? Marketplace's Kai Ryssdal sits down with Adam Posen from the Peterson Institute for International Economics to discuss the damage that's already been done. Also on the show, how soybean farmers feel about the latest trade deal and why Chinese manufacturers are trying to reach A…
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