U.S., China Agree to Large Tariff Cuts
Digest more
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.
US stocks surged on Monday after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels,
The 90-day pause is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.