Jason Douglas

3 weeks ago | fnlondon.com | Brian Schwartz |Jason Douglas |Rebecca Feng

Surprise U.S.-China Trade Deal Gives Global Economy ReprieveTariff reductions are bigger than expected and Bessent says ‘neither side wants to decouple’ Updated May 12, 2025 at 11:36 AM ET A few days ago, it would have seemed almost impossible. But on Monday, to the surprise of global investors and everyday businesses fearing a trade war, the U.S. and China agreed to a truce.