RawDiary

Edition from 2025-05-12, 12 PM UTC

US-China Trade War Thaw: 90-Day Tariff Ceasefire Sends Markets Soaring

The United States and China struck a landmark 90-day tariff suspension deal amid growing pressures to ease trade tensions. This temporary truce sees massive tariff cuts, boosting markets and global trade hopes while diplomatic talks continue.

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Number 90 days - Duration of US-China tariff suspension deal

Quote "Substantial progress was made with China during key trade talks." — US Treasury Secretary Scott Bessent

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S&P 6,198 ↓ 0.11% • Dow 44,498 ↑ 0.92% • Nasdaq 20,203 ↓ 0.82% • Gold 3,350 ↑ 1.29% • BTC 105,543 ↓ 1.52%

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US and China Halt Tariffs for 90 Days... Trade Thaw Begins

Markets Rally on US-China Tariff Break...

Treasury Secretary Hails 'Substantial Progress' in China Talks

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