Global stocks rally after US and China pause tariff war, but uncertainty remains
Balazs Barabas
WASHINGTON: Global stock markets surged on Monday (May 12) after the US and China agreed to slash steep tariffs for at least 90 days , tapping the brakes on a trade war between the world's two biggest economies that had fed fears of a global recession. But the temporary pause did little to address the underlying schisms that led to the dispute, including the US trade deficit with China and US President Donald Trump's demand for more action from Beijing to combat the US fentanyl crisis. While
astăzi