China, trade deal
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The new US-China trade truce has eased some of the ... reducing tariffs substantially on each other’s goods. The United States and China have agreed to scale back their damaging tariff war, reaching a deal in Geneva that slashes duties on each other ...
A 90-day pause on punishing tariffs could restart trade between the world’s largest economies. But it is not enough to resolve uncertainty about the economy.
The United States and China agreed to a trade deal over the weekend, calling for a 90-day pause on most tariffs. The market responded accordingly by adding $2 trillion in valuation, giving investors a reason for optimism,
The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies.