US-China reach agreement on tariffs, 90-day pause announced

Stocks and the dollar surge as both countries agree to halt tariff escalation temporarily.
Text: Óscar Ontañón Docal
Published 2025-05-12

The latest news on the United States and China. Both countries have agreed to a 90-day pause on tariffs, a significant step towards easing trade tensions. As a result, reciprocal duties between the two countries are set to drop sharply, boosting market confidence.

This agreement comes after high-level talks in Geneva, with both sides outlining plans for further negotiations. Stock markets are reacting positively, with futures on the S&P 500 and Nasdaq showing substantial gains, while the dollar strengthened on Monday.

Photos of U.S. President Donald Trump and President of the People's Republic of China Xi Jinping appear on a smartphone screen. 11.04.2025. New York, USA

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