EPISODE · May 17, 2025 · 6 MIN
Stocks Soar After Temporary Tariff Reduction Between U.S., China
from America's Talking · host The Center Square
(The Center Square) – U.S. stocks soared Monday after the world's two largest economies reached a temporary trade deal to significantly lower tariffs while talks continue. The Dow gained 2.8% to close at 42,410, above where it closed on April 2 before President Donald Trump's "Liberation Day" tariffs drove markets down. The S&P 500 gained 3.26% on the day while the Nasdaq was up 4.3%, entering a new bull market by closing 20% above its April low point. On Monday morning, China and the U.S. released details of a trade pact reached over the weekend after talks in Geneva. The U.S. and China said they will cut tariffs on imports from each other by May 14.Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxxFull story: https://www.thecentersquare.com/national/article_700f445f-e11a-4496-9456-402a50f0b243.html Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Embed this episode
What this episode covers
(The Center Square) – U.S. stocks soared Monday after the world's two largest economies reached a temporary trade deal to significantly lower tariffs while talks continue. The Dow gained 2.8% to close at 42,410, above where it closed on April 2 before President Donald Trump's "Liberation Day" tariffs drove markets down. The S&P 500 gained 3.26% on the day while the Nasdaq was up 4.3%, entering a new bull market by closing 20% above its April low point. On Monday morning, China and the U.S. released details of a trade pact reached over the weekend after talks in Geneva. The U.S. and China said they will cut tariffs on imports from each other by May 14.
NOW PLAYING
Stocks Soar After Temporary Tariff Reduction Between U.S., China
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.