Hamza Shaban

2 days ago | sg.finance.yahoo.com | Hamza Shaban

Mon, 12 May 2025 at 5:22 am GMT-4 6 min read In this article: The US-China trade war has thawed. Treasury Secretary Scott Bessent said Monday the US and China agreed to a 90-day pause on reciprocal tariffs while baseline tariffs fall to a 10% rate. After an escalation of reciprocal measures last month, the Trump administration had set tariffs as high as 145% on Chinese imports. China had imposed reciprocal tariffs on some US imports of as high as 125%. Stock futures soared on the news.

2 days ago | ca.finance.yahoo.com | Hamza Shaban

Treasury Secretary Scott Bessent said Monday the US and China agreed to a 90-day pause on reciprocal tariffs while baseline tariffs fall to a 10% rate. After an escalation of reciprocal measures last month, the Trump administration had set tariffs as high as 145% on Chinese imports. China had imposed reciprocal tariffs on some US imports of as high as 125%. Bessent touted Sunday that "substantial progress" had been made between the two countries after lengthy talks held this weekend in Geneva.

3 days ago | finance.yahoo.com | Hamza Shaban

Stocks ended last week slightly down after Federal Reserve Chair Jerome Powell reiterated the central bank's wait-and-see approach to interest rate policy and President Trump unveiled a trade deal between the US and UK. All three major indexes finished last week in the red, as trade volatility moved stock charts. The S&P 500 (^GSPC) sank about 0.5%, while the Dow Jones Industrial Average (^DJI) slipped roughly 0.2% and the Nasdaq Composite (^IXIC) gave up about 0.3%.

5 days ago | finance.yahoo.com | Hamza Shaban

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: With two months remaining in a 90-day "reciprocal" tariff pause, President Trump claimed his first breakthrough in a bilateral deal with the UK. The nation's strongest ally is now our first realigned trading partner, and the biggest winner that isn't a head of state is a major US industrial leader: Boeing.

1 week ago | ca.finance.yahoo.com | Hamza Shaban

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:• None The chart of the dayDespite their differences, the Federal Reserve and President Trump appear to have one very important thing in common: Both are on pause. The Fed on Wednesday is expected to leave interest rates unchanged in a range of 4.25% to 4.50%.