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Markets rally after China and US slash tariffs for 90 days
NF Times
|May 14, 2025
Stocks rallied Monday after Chinese and US officials held "substantial" trade talks and slashed their tit-for-tat tariffs for 90 days, fuelling hopes the two sides will pull back from a standoff that has rattled global markets.
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Investors have been on a rollercoaster ride since Donald Trump unveiled eye-watering tolls on trading partners on April 2, with the heftiest saved for Beijing, raising concerns of a trade war between the economic superpowers. The US president eventually hiked the measures against China to 145 percent, which were met with retaliatory rates of 125 percent.
However, there have been signs of an easing of tensions and after two days of highly anticipated negotiations in Geneva, the two countries hailed progress towards ending a crisis that fuelled fears of a global recession.
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NF Times
Ajit Pawar air crash: Rohit Pawar, his cousin approach Baramati police against VSR Ventures
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NF Times
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NF Times
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NF Times
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NF Times
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NF Times
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