China Deal Catalyst for Major Market Rally
Reciprocal tariffs dropped from more than 125% to 10%
- |
- Written by Banking Exchange staff
The Trump administration announced the beginning of a major trade agreement with China after negotiations in Switzerland that surprised Wall Street investors.
The reciprocal tariffs dropped from more than 125% to 10%, that also gave Wall Street a 10% benchmark on tariffs that helped guide optimistic market forecasts.
The Dow futures showed projected opening gains of more than 1,000 points. All major world indexes were up with Germany’s DAX hitting a 2025 high.
Tagged under Big Data; Tokenization; The Economy; Risk Management; Feature3; Feature;
Related items
- Standard Chartered Launches Digital Asset Trading for Institutional Clients
- US Regulators Issue Guidance for Banks Custodying Crypto Assets
- Morgan Stanley Continues Trend of Big Banks Outperforming Earnings Estimates
- Government Unveils $90bn in AI and Energy Investments
- Ripple and Ctrl Alt Partner to Tokenize Property Deeds in Dubai