CNBC Daily Open: Is the trade agreement between the U.S. and China a 'Trump put'?

Why did US and China agree to cut tariffs temporarily? What caused Nissan's massive job cuts and losses? How will Trump's drug price executive order impact pharma? Why is Tesla stock falling amid EV credit changes? What does the US budget surplus rise indicate? How did Boeing benefit from recent tariff talks? Why is McDonald’s hiring surge significant now? What effects will US-China tariff truce have on markets? Why are investors optimistic about Coinbase joining S&P 500?

CNBC Daily Open: Is the trade agreement between the U.S. and China a 'Trump put'?

cnbc.com/2025/05/13/cnbc-daily-open-is-the-us-china-trade-agreement-a-trump-put.html

Over the weekend, both the U.S. and China agreed to slash tariffs on each other for 90 days from 125% to 10%. That's much more than expected, as Trump on Friday has said that an 80% tariff on China "seems right!" The U.S. is still keeping its 20% fentanyl-related levy on China, so the…

This story appeared on cnbc.com, 2025-05-13 06:30:01.