Markets Soar on US-China Tariff Pause; Trump Vows Pharma Price Cuts | Bloomberg Brief 05/12/2025
Government
US equity futures surge, Treasuries fall and the dollar strengthens against most currencies after talks between the US and China led to a pause on tariffs and a cooling of trade war tensions between the two nations. President Trump vowed to bring drug prices in the US down to parity with the lowest prices globally. Trump is set to visit the Middle East this week. Seema Shah of Principal Asset Management says that US exceptionalism is likely to stay on the back of trade news. Amanda Lynam of
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