Reported about 12 hours ago
U.S. stock index futures surged as the United States and China reached a temporary agreement to reduce tariffs for 90 days, easing fears of an impending trade war. Treasury Secretary Scott Bessent announced that tariffs would be cut by over 100 percentage points to 10%. Despite this positive development, analysts caution that the short timeframe suggests it may be a negotiation tactic rather than a permanent solution, leaving long-term trade policies uncertain. Major stocks like Nvidia and Tesla saw significant gains, and crude oil prices also rose after the announcement.
Source: YAHOO