US announces trade deal with China
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Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Dear Quentin, I just woke up to another surprising day on the markets. Stock prices are up after China and the U.S. clinched an agreement on tariffs. Forgive me, but I’m so conf
Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed.
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The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.
The U.S. and China agreed Monday to slash tariffs on each other’s goods for 90 days and continue trade talks in a major de-escalation in tensions between the world’s two largest economies. President Donald Trump’s reciprocal tariff on Chinese goods will reduce to 10% from 125%,
Britain's FTSE was 100 flat on Tuesday after a rally fuelled by a U.S.-China trade truce, while fresh data revealed a cooling UK labour market that could influence the Bank of England's future rate decisions.
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The Mavericks felt that Doncic didn't give them the best chance to win a title — despite the fact that they made the NBA Finals just a year ago — constantly repeating the phrase "defense wins championships" as the explanation for the deal.