U.S.-China deal signals Trump’s team wants de-escalation, leaving analysts wondering if this is a clean-up operation or longer term strategy

Quick Summary:

Markets are rallying this morning following Treasury Secretary Scott Bessent's announcement that China and the U.S.would both be dropping their tariff rates by 115% for 90 days.

"This reflects both sides recognizing the economic reality that tariffs will hit global growth and negotiation is a better option going forward.“The 90-day period may not be sufficient for the two sides to reach a detailed agreement, but it keeps the pressure on the negotiation process.

"This is clearly just the start of a broader and more comprehensive negotiations, and we would expect both these tariff numbers to move down markedly over the coming months as deal talks progress," wrote Wedbush analyst Daniel Ives in a note seen by Fortune this morning.

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Article Details

Author / Journalist: Eleanor Pringle

Category: EconomyBusiness

Markets: United StatesChina

Topics: Tariffs Europe Scott Bessent Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 10:37:22 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1083 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 217 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28606039

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