U.S. stock futures soared, the dollar hit a one-month high and Treasury yields rose early Monday in Europe after the U.S. and China agreed to suspend most tariffs.

America can explain to China its reasons for the tariffs in the simplest of terms: ‘We must raise revenue. Our government is nearly bankrupt.’ Y et another China “trade deal

The negotiations mark a significant de-escalation in Trump’s global tariff offensive, which had sent US stocks tumbling as much as 15 per cent following Trump’s “liberation day” announcement. Trump had paused most of the so-called reciprocal tariffs a week after they were announced,