U.S. and China Hail Progress, but Does That Mean There’s a Trade Deal?

Why did US and China cut tariffs for 90 days? How will Trump's drug price order impact pharma stocks? Why are Dow and Nasdaq futures surging today? What caused Tesla and Nike shares to rise recently? How does US-China trade deal affect global markets? Why is the Dollar strengthening after trade talks? What led to layoffs in UK amid tariff turmoil? How will Qatar's jet gift affect US politics? Why are Asian pharma stocks tumbling today?

U.S. and China Hail Progress, but Does That Mean There’s a Trade Deal?

nytimes.com/2025/05/12/business/china-us-tariffs.html

Treasury Secretary Scott Bessent, left, and the United States Trade Representative, Jamieson Greer, in Geneva on Sunday after talks with China concluded.

This story appeared on nytimes.com, 2025-05-12 05:30:18.