US-China 90-Day Trade Pause Eases Tariff Tensions
Monday, May 12, 2025, 7:21 am
In a bid to soothe global market jitters, the United States and China have agreed on a 90-day pause in their trade war, with both sides lowering tariff rates during this period. While stock markets surged in response, experts remain skeptical about any long-term breakthrough.
The S&P/TSX composite index was up 331.62 points at 25,689.36.
Big gains for Wall Street, along with other global stock markets including the TSX today on news the Trump administration is pausing tariffs with China ahead of a new trade deal.
Canada’s main stock index rose more than 300 points in early trading after the U.S. and China called a 90-day truce in their trade war and agreed to lower tariffs on trade between the countries. The S&P/TSX composite index was up 331.62 points at 25,689.36. In the U.S., the Dow Jones Industrial…
Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy.
Une suspension de 90 jours prendra effet d’ici le 14 mai.
permalink / 5 stories from sources in 4 hours ago #trade #usrelations #tariffs #china
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