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Wall Street Futures jump as US-China tariff deal lifts global sentiment

IndiaTimes Monday, 12 May 2025
US stock index futures surged following an agreement between the United States and China to scale back tariffs, easing trade war anxieties. The 90-day pause on additional trade measures includes tariff reductions, boosting market sentiment and driving gains in technology, growth, and energy stocks. However, pharmaceutical stocks declined due to President Trump's plans to lower prescription drug prices.
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Video Credit: Oneindia - Published
News video: Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR

Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR 03:35

 Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But...

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