China, US Slash Sweeping Tariffs On Each Other
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Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.
U.S. stocks rallied Monday after the U.S. and China agreed to temporarily slash tariffs following negotiations over the weekend in Switzerland.
Trade deals are driving the recovery for U.S. stocks with the S&P 500 erasing all of its losses post Liberation Day. President Trump continues his Middle East trip striking partnerships and investments,
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
The Dow Jones Industrial Average ... he kept pressure up on China by increasing the tariff rate on goods from the country to 145%. The agreement over the weekend is set to see the US slash ...
U.S. Treasury yields inched lower as investors weighed the state of the U.S. economy amid a tame inflation report and the U.S.-China trade agreement.
The broad market index advanced 0.72% to close at 5,886.55. The S&P 500 now has a gain of 0.08% in 2025. The Nasdaq Composite gained 1.61% to finish the session at 19,010.08, while the Dow Jones Industrial Average slipped 269.67 points, or 0.64%, to 42,140.43.
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.
The Dow Jones, S&P 500 and Nasdaq pointed to their best day in over a month as the White House rolled back the 145% tariff rate on Chinese goods to 30%.