Markets react with unbridled joy to tariff reductions—although HSBC warns of ‘bumpier’ road ahead

fortune.com/2025/05/13/global-stock-markets-react-tariffs

There was an almost universally positive reaction across global stock markets yesterday and today to the White House’s announcement that tariff levels in the U.S.-China trade war would be reduced for 90 days. Indexes in China and Japan closed up and Europe rose in early trading as well.…

This story appeared on fortune.com, 2025-05-13 10:05:25.
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