
Stock Markets Surge as US and China Agree to Pause Trade War
Category: Business,
2025-05-12 11:21
Global stock markets have rallied after the United States and China agreed to a 90-day pause in their ongoing trade war, following talks in Geneva. Investors responded positively to the news, with European markets opening the week with strong gains.
Global stock markets experienced a significant surge at the start of the week after the United States and China reached an agreement to temporarily halt their trade war for 90 days. This decision came after high-level discussions between US and Chinese officials in Geneva, signaling a potential easing of tensions between the world's two largest economies. The trade war, which has involved the imposition of tariffs on hundreds of billions of dollars' worth of goods, has created uncertainty in global markets for months. The 90-day pause is intended to give both sides time to negotiate further and potentially reach a more comprehensive agreement. In response to the news, European stock markets opened with strong gains, reflecting investor optimism that the pause could lead to a reduction in trade barriers and improved economic stability. The development is seen as a positive step, although analysts caution that underlying issues remain unresolved and that future negotiations will be critical to achieving a lasting solution.
Source: ig.com
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