Trump China tariff truce ignites stock markets – will it also pump up president's poll numbers?

Global stock markets are soaring in the wake of the trade truce between the U.S. and China.

The agreement, announced early Monday, implements a 90-day cooling-off period between the world's two largest economic superpowers, bringing a temporary end to their tariff war that last month triggered a massive financial market sell-off. 

U.S. tariffs on Chinese imports, which were jacked to 145% last month as President Donald Trump hiked tariffs on countries around the world, will be scaled down to 30%, with Beijing lowering its tariffs from a retaliatory 125% to just 10%.

"We both have an interest in balanced trade, the U.S. will continue moving towards that," Treasury Secretary Scott Bessent said after talks with Chinese officials in Switzerland.

Read Entire Article