Reported 1 day ago
The US and China have agreed to a 90-day pause on reciprocal tariffs, reducing baseline tariffs to 10% amidst ongoing trade tensions. Treasury Secretary Scott Bessent announced the agreement following productive discussions in Geneva, which led to a surge in stock futures. This agreement comes just before key inflation data release, which is expected to reveal the impact of the tariffs on the economy, amid concerns about rising inflation and unemployment.
Source: YAHOO