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- May 12 Tariff progress with China lifts all stocks
Market
“Markets around the world moved much higher to where they were over 4 weeks ago, with the news of tariff pause on China for 90 days” 😊 😋
A huge day for all stocks with over 2-3% gains on average for indices
China was the big winner from the trade deal over the weekend that saw US decrease the tariff rate from 145% to 30% with no new change from the China side. Their negotiation (or lack of it) has paid off as US gave in to most of their demands for reduced rates.
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