Trump hails tariff deal with China
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There’s more to Monday’s soaring stocks than the pause in crushing China tariffs.
China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an "important step" that could lead to "deepening cooperation" between the world's two largest economies.
Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.
From the BBC World Service: There's been a thaw in U.S.-China relations, with a 90-day deal to ease their escalating trade war.
The United States and China announced that tariffs against one another will be reduced for an initial 90-day period following trade talks in Switzerland.
"China and Brazil are getting together. They're going to build infrastructure, and they're going to make SAF and they're going to build railroads, and it's not good for us and our future. That's why we need new markets,
Former New Hampshire Gov. Chris Sununu (R) said Sunday that the Trump administration has “about six weeks” when it comes to a China tariff deal to give the market and small businesses
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