From Yahoo Finance: 2025-05-12 05:22:00

The US and China agreed to a 90-day pause on reciprocal tariffs, with baseline tariffs dropping to 10%. Stock futures soared on the news. Treasury Secretary Scott Bessent announced “substantial progress” after talks in Geneva. China’s state media praised the talks. President Trump hinted at lower tariffs. Inflation data will reflect tariff impacts. Fed officials warned tariffs could lead to stagflation. Tesla stock surged on upbeat trade news. Earnings updates and trade deals drive market activity.



Read more at Yahoo Finance: US-China strike trade deal ahead of key inflation data