Stock Market Up On U.S. & China Tariff Trade Deal
May 12, 2025
“…After more than a month of escalating trade war, China and the U.S. announced a 90-day cooling off period to give the two sides time to negotiate a longer-term solution.
During the pause, the U.S. will impose a 30 percent duty on goods from China, down from 145 percent, Bloomberg reported. China will reduce its tariffs on products made in the U.S. to 10 percent from 125 percent.
The news sent S&P futures soaring by 3 percent on Monday. Equity markets in Asia and Europe also jumped, while oil prices increased, Treasury yields gained and the dollar got stronger…”
Good news all around.