GENEVA >> The U.S. and China said on Monday they agreed to temporarily slash their steep tariffs on each other, sending global stocks and the U.S. dollar surging as the world’s top two economies tapped the brakes on a trade war that had fed fears of a global recession.

The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.

The two sides have agreed to reduce tariffs by 115pc.

Investors welcomed the conciliatory tone at US-China trade talks over the weekend aimed at cooling a trade war between the world's two largest economies and dispelling some

US and China agree to slash tariffs, easing global economic tensions and boosting hopes for balanced trade.

Asian stocks rallied Monday after top Chinese and US officials held "substantial" trade talks at the weekend, fuelling hopes the two sides will dial down a tariff standoff that has rattled global markets and fuelled recession fears. The two sides said they would provide details Monday.

The countries agreed in a joint statement to bring their triple-digit tariffs down to two figures.

Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.

LONDON: Stock markets, the dollar and oil prices rallied on Monday (May 12) after Chinese and US officials slashed tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that

Canada’s main stock index rose more than 300 points in early trading after the U.S. and China called a 90-day truce in their trade war and agreed to lower tariffs on trade between the countries. The S&P/TSX composite index was up 331.62 points at 25,689.36. In the U.S., the Dow Jones Industrial Average was up […]

The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets.

The U.S. and China on Monday agreed to suspend most tariffs on each other's goods in a move that shows a thawing of trade tensions.

It's a pretty difficult time to be a retailer.

The Australian Dollar (AUD) is depreciating as the US Dollar (USD) strengthened after the release of a joint statement from the high-level trade negotiations held over the weekend in Geneva, Switzerland.

EUR/USD is down over 1% near 1.1100 during North American trading hours on Monday.

The Pound Sterling (GBP) collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar (USD). News of the US-China de-escalation of the trade war weighed on the Sterling, which plummeted from around 1.3298.

US stocks on Monday are thrilling to the Trump administration's tariff pause with China over the weekend. US Treasury Secretary Scott Bessent walked away from talks in Switzerland with an agreement by the US and China to each reduce their bilateral tariffs by 115 percentage points.

GENEVA (AP) — U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes. Stock markets rose sharply as the globe’s two major economic powers took a step back from […]

The United States and China on Monday announced a joint agreement to dramatically slash reciprocal tariffs as Washington and Beijing seek to end a trade war that for months has upended the global economy…

The USD/JPY pair soars above 148.20 during European trading hours on Monday, the highest level seen in a month. The asset strengthens as the United States (US) and China have agreed to a 90-day truce after a two-day meeting in Switzerland over the weekend.

The AUD/USD pair gives back initial gains and turns negative during North American trading hours on Monday.

Representatives from the world's largest economies described the weekend talks as productive, spurring optimism that a trade agreement between the two could be reached.

The Pound Sterling (GBP) recovers some of its intraday losses after sliding to near 1.3140 against the US Dollar (USD) during North American trading hours on Monday. Still, the GBP/USD pair is down 0.8% at around 1.3200.

The United States and China have agreed to a 90-day cut in reciprocal tariffs levied on an array of traded goods after weekend talks in Switzerland made progress in narrowing differences between the two countries.

Under the agreement, the US will reduce tariffs on Chinese goods from 145% to 30%, while China will slash its tariffs on American imports from 125% to 10%, according to a joint statement.

The United States and China have agreed to drastically roll back tariffs on each other’s goods for an initial 90-day period, according to a joint statement released by the two countries Monday, in a surprise breakthrough that has buoyed global markets. The announcement comes after a weekend of marathon trade negotiations in Geneva, Switzerland by […]

May 12 (UPI) -- The United States and China said Monday that they have reached an agreement to cut most of their tariffs for 90 days to allow more time for continued economic and trade discussions.

DOW has seen some of its best performances this year, on U.S.-China trade de-escalation

The breakthrough comes as the two economic powerhouses attempt to de-escalate a prolonged trade conflict that has rattled global financial markets and slowed economic momentum.

The US and China have agreed to cut the over 120% tariffs they have on each other’s imports.

Investors enthusiastically responded to the news of a possible breakthrough.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing "substantial progress" in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva. Bessent told reporters that…

U.S. stock futures soared in early trading, while the dollar rallied and Treasury bond yields spiked, after Washington and Beijing agreed to a 90-day tariff truce that will re-open billions in trade between the world’s two biggest economies.

Stock futures rose while crypto prices fell as markets reacted to vague but optimistic signals from U.S.-China trade talks.

U.S. Treasury yields moved higher on Monday as the U.S. and China successfully negotiated a trade deal to temporarily slash tariffs on each other's goods.

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.

Stocks are surging on Wall Street after China and the United States announced a 90-day truce in their trade war.

GBP/USD comes under strong bearish pressure to start the week and trades at its lowest level since mid-April below 1.3200. The positive sentiment surrounding the US Dollar (USD) suggests that the pair could have a difficult time staging a rebound in the near term.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, catches aggressive bids at the start of a new week and rallies to over a one-month top, around the 101.35-101.40 region during the early European session.

The Pound Sterling collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar.

The Pound Sterling (GBP) erased weekly gains versus the US Dollar (USD) after the GBP/USD pair breached the critical 1.3290 support.

Former New Hampshire Gov. Chris Sununu (R) said Sunday that the Trump administration has “about six weeks” when it comes to a China tariff deal to give the market and small businesses “confidence.” “It sounds like they made some headway yesterday, but they’ve got about six weeks to really give the market and some of…

U.S. stocks are leaping after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 2.6% Monday. The Dow Jones Industrial Average rose 957 points, and the Nasdaq composite gained 3.6%.