US stocks surged on Monday after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China over the weekend, dropping tariffs to much lower levels, which some economists say could stave off a US recession.
Dow futures rose more than 1,000 points, or 2.6%. S&P 500 futures were 3% higher, and Nasdaq futures gained 3.9%.
China und die Vereinigten Staaten haben am Samstag ein hochrangiges Treffen zu Wirtschafts- und Handelsfragen in Genf begonnen.
Der chinesische Beauftragte für Wirtschafts- und Handelsfragen zwischen China und den USA, He Lifeng, der auch Mitglied des Politbüros des Zentralkomitees der Kommunistischen Partei Chinas und Vizeministerpräsident ist, nimmt gemeinsam mit dem US-Finanzminister Scott Bessent an dem Treffen teil.
Top economic officials from the United States and China are meeting in Geneva on Saturday for high-stakes negotiations that could determine the fate of a global economy that has been jolted by President Trump’s trade war.
The meetings, scheduled to continue on Sunday, are the first since Mr. Trump ratcheted up tariffs on Chinese imports to 145 percent and China retaliated with its own levies of 125 percent on U.S. goods.