S&P 500, Nasdaq rise in early trades as US, China agree to 90-day tariff relief

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But analysts cautioned against extreme optimism as Trump had in his last presidency recalled a short-lived trade truce with China.

But analysts at Citi cautioned Mr Trump’s supporters may not support a compromise with China and recalled the short-lived trade truce during his first presidency in 2018-2019, when both nations agreed a 90-day tariff halt before tensions resumed.

Europe’s regional STOXX 600 was last trading 1 per cent higher and Hong Kong’s Hang Seng Index ended the day with an almost 3 per cent gain.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongJapanSwitzerland

Topics: Tariff Index Tariffs Last Global China Cent Dollar Chinese Trade Stocks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 22:03:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 864 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28619852

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