Mon. May 12th, 2025
alert-–-stock-market-goes-berserk-on-china-trade-deal-as-s&p-500-set-to-wipe-out-liberation-day-losses:-live-updatesAlert – Stock market goes berserk on China trade deal as S&P 500 set to wipe out Liberation Day losses: Live updates

The stock market soared on Monday morning after Donald Trump dramatically sealed a trade dal with China.

America will cut tariffs it imposed on Chinese imports last month from 145 percent to 30 percent.

Chinese levies on U.S. imports will fall from 125 percent to 10 percent. The new measures are effective for 90 days.

In response, the Dow Jones rocketed over 1,000 points, or 2.5 percent, and the Nasdaq was up by 4 percent. 

The S&P 500 was up nearly 3 percent, higher than it stood before Trump’s explosive ‘Liberation Day’ tariff announcement on April 2 sent markets crashing. 

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