China-US trade war truce takes effect
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The White House has said its agreements with the U.K. and China are starting points, but so far the Trump administration has given up more than it has gained.
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.
Now that the agreement between China and the U.S. has mitigated some of the most worrisome economic effects, the Federal Reserve's calculus on when to cut interest rates may change.
Trade experts anticipate a spike in trade during talks and a substantial deal, but the risk of inflation and economic slowdown may not be over.
The president and his team have backed down from their sharp rhetoric as they search for trade deals that could lower tariffs.
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Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.
Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
There’s more to Monday’s soaring stocks than the pause in crushing China tariffs.
U.S. stocks soared Monday as investors celebrated major progress on a U.S.-China trade deal. The Dow added over 1,100 points, exiting correction territory, while the Nasdaq Composite began a fresh bull market.
Wall Street's main indexes opened higher on Wednesday after the week's strong start, as soft inflation data and the U.S.-China tariff truce boosted sentiment, while Donald Trump's Gulf tour stoked expectations of additional trade agreements.
Thailand’s central bank tamped down on expectations of more rate cuts to deal with a worsening growth outlook, with officials saying they need to preserve the limited policy space to guard against future shocks stemming from a global trade war.