NYSE Content Advisory: Pre-Market update + U.S. & China agree to ease tariffs
- Stocks are surging early Monday after the
U.S. andChina agreed to ease tariffs on one another for 90 days while negotiations continue. After talks inSwitzerland , theU.S. will bring tariffs on Chinese goods down to 30% from 145%. - Commerce Secretary Howard Lutnick this weekend said that the 10% baseline tariff on imports from other countries is likely to remain for the foreseeable future.
- Inflation will be in focus this week. April consumer inflation data is expected to show prices rose 2.3% from a year ago and 0.2% from March.
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Video - https://mma.prnewswire.com/media/2684969/NYSE_Market_Update_May_12.mp4
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