How Bessent explained the 115-point reduction in U.S.-China tariffs that has triggered market euphoria

Why did US and China agree to slash tariffs? How will Trump’s drug price order impact pharma? What caused Tesla’s stock surge after tariff deal? Why is Apple planning to raise iPhone prices? How did the tariff truce affect global markets? What’s behind Nissan doubling job cuts? How are US-China talks influencing tech stocks? Why did gold prices tumble after trade deal? What’s the outlook for UniCredit after earnings beat?

How Bessent explained the 115-point reduction in U.S.-China tariffs that has triggered market euphoria

marketwatch.com/story/how-bessent-explained-the-115-point-reduction-in-u-s-china-tariffs-that-has-triggered-market-euphoria-825ea494

The U.S. Trade Secretary Scott Bessent said neither the U.S. nor China want to see a decoupling in their relationship, as each agree to lower tariffs for 90 days.

This story appeared on marketwatch.com, 2025-05-12 08:42:00.