Reported 3 months ago
Tariffs between the US and China have decreased more rapidly than Wall Street anticipated, leading to significant stock market gains. This decline, marked by a 90-day tariff pause, resulted in the S&P 500 and Nasdaq Composite indexes rising approximately 5% and 7%, respectively. Economists have noted that the effective US tariff rate is now nearly back to pre-trade war levels, which could provide substantial relief to consumer spending and bolster growth predictions for the latter half of the year.
Source: YAHOO