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.
Future military assistance from the U.S. could count as contributions to the newly established joint investment fund, but prior aid will not.
Pre-existing projects, such as those owned by Ukraine‘s state-owned companies, will not be impacted by the minerals deal.
„Revenues from projects already launched or budgeted revenues are not included in the Fund. The agreement refers to further strategic cooperation,“ First Deputy Prime Minister Yulia Svyrydenko said.
Ukraine and the United States will establish a U.S.-Ukraine Reconstruction Investment Fund to attract global investments into the country. The relevant agreement was signed on Wednesday in Washington by First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko and U.S. Treasury Secretary Scott Bessent.
„The Fund will be financed exclusively through revenue from NEW licenses – specifically, 50% of the proceeds from new licenses for critical materials and oil and gas projects that will flow into the budget after the Fund‘s creation. Revenues from already launched projects or budgeted income will not be included in the Fund,“ Svyrydenko wrote in a Facebook post.
The US Treasury Department on Wednesday announced that both countries signed the agreement. “As the President has said, the United States is committed to helping facilitate the end of this cruel and senseless war,” Treasury Secretary Scott Bessent said in a statement.
“This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Bessent said. “And to be clear, no state or person who financed or supplied the Russian war machine will be allowed to benefit from the reconstruction of Ukraine.”
Ukrainian Prime Minister Denys Shmyhal will visit Washington during the week starting April 21, 2025, to meet with Secretary of the U.S. Department of the Treasury Scott Bessent and provide high-level support for the completion of technical discussions on the terms of the agreement on the creation of a Reconstruction Investment Fund.