Why the US and China pulled back from the edge
President Donald Trump’s deal to dramatically slash tariffs on China thrilled markets and offered a sliver of relief for businesses across the country. It also revealed an important lesson: Even Teflon Don can’t outrun economic reality.
Trump China tariff truce ignites stock markets – will it also pump up president's poll numbers?
Global stock markets are soaring in the wake of the trade truce between the U.S. and China.
US Stock Markets Surge After US-China Trade Announcement
Stocks surged early Monday following news that the U.S. and China had agreed to a 90-day pause in their ongoing trade conflict.
Stocks Surge After U.S. and China Cut Tariffs
Stocks surged after U.S. and Chinese officials said they agreed to temporarily suspend most of the tariffs they have imposed on each other, the latest sign that trade policy announcements are the main driver of market movements since President Trump returned to office.
Inside the U.S.-China Trade Cease-Fire
A 90-day pause
Stocks, the dollar and oil are soaring on Monday after President Trump’s top negotiators outlined the specifics of a major — though temporary — de-escalation in the U.S.-China trade fight.
Expectations were sky-high for some kind of breakthrough. The market reaction suggests mission accomplished in terms of reaching an important détente, though significant trade barriers remain and plenty still needs to be worked out.
Global markets rally after U.S. and China cool trade tensions
Global stocks surged Monday after the U.S. and China agreed to de-escalate tariffs that had effectively frozen trade between the world’s largest economies.
Dow Futures on Wall Street soared after the White House said both sides had agreed to drastically reduce tariffs for 90 days.
S&P 500 and Nasdaq futures jumped over 3% and 4%, respectively, ahead of the opening bell.
US Trade Representative Greer says US and China to roll back most tariffs
U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day pause to keep talking to resolve their trade disputes.
Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy.
U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.
US and China reach deal to slash trade tariffs
The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs for now as the world's two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge.
Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%.
US, China announce reduced tariffs for 90 days after trade talks
The U.S. and China announced on Monday that tariffs against one another will be reduced for a 90-day period after officials held trade negotiations in Geneva, Switzerland.
The tariffs President Donald Trump announced against China on April 2 are being cut by 24 percentage points for this temporary period while retaining the remaining ad valorem rate of 10% from that announcement, according to a joint statement.
A month into the trade war, China's exports to the US have already plummeted over 20%
The first hard data to emerge from the US-China trade war shows trade between the world's two biggest economies is already way down.
Chinese exports to the US tanked 21% in April compared to a year ago, according to customs administration data cited by Bloomberg. Imports from the US into China fell nearly 14% year over year.
Trading volumes have dropped as a result of the punitive tariffs both countries have imposed after President Donald Trump ramped up duties on imports from China to 145% last month.