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Asian Markets Rise After US, China Agree to Cut Majority of Tariffs

Upworthy Monday, 12 May 2025 ()
Global markets rose, while the yuan and the US dollar both surged after trade talks in Switzerland between China and the US on the weekend ended on a positive note. Key details revealed on Monday were: The two sides agreed to lower tariffs for 90 days before May 14, with Beijing cutting levies on…
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Video Credit: Oneindia - Published
News video: Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR

Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR 03:35

Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But...

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