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News in English (USA) / 13.05.2025 / 18:00

US-China Tariff Truce Sparks Market Surge Amid Mixed Reactions

In a significant development in international trade relations, the United States and China have reached a temporary agreement to slash tariffs, providing a momentary reprieve for markets. Following the announcement, the stock market witnessed a remarkable surge, with the Dow Jones soaring over 1,100 points, and major tech companies like Apple and Nvidia also seeing substantial gains. However, the deal raises questions about its long-term implications and whether this tariff rollback represents a meaningful win for either side. Critics argue that it demonstrates the limitations of aggressive trade tactics employed by President Trump, while some analysts suggest the agreement may ultimately favor China more than the US. As discussions continue, concerns about the future of the trade relationship and its impact on the global economy persist.
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