On May 12, 2025, the United States and China announced a 90-day agreement to lower tariffs, aiming to ease trade tensions and stabilize global markets. The U.S. will reduce tariffs on Chinese imports from 145% to 30%, while China will lower its tariffs on American goods from 125% to 10%.
This announcement led to a significant rally in global stock markets. The S&P 500 rose by 2.53%, the Dow Jones Industrial Average increased by 2.51%, and the Nasdaq Composite surged by 3.34%, reaching its highest levels in over two months.
While this agreement provides short-term relief, experts caution that the 90-day period may be insufficient for businesses to make long-term decisions, emphasizing the need for a more permanent resolution.
How WorkPlay Can Assist:
Navigating the complexities of international trade requires agility and informed decision-making. WorkPlay offers tools and insights to help businesses adapt to changing trade policies, manage supply chain disruptions, and strategize for the future. Stay ahead with WorkPlay's comprehensive solutions tailored for dynamic global markets.