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With the prospect of more favorable tariff terms between the two key trading partners, investors are betting that increased economic activity will boost financial activity.
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Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.
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A Breakthrough on U.S.-China Tariffs, and a New Summer Air Travel Warning The New York TimesLive updates: US-China tariffs agreement following trade talks | CNN Politics CNNUS and China agree to slash tariffs USA TodayStock Market Today: U.S., China Agree to Large Tariff Cuts; Dow Futures Rally WSJUS and China agree to 90-day tariff rollback in trade war breakthrough WYFF
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Trump Wants Saudi Arabia to Invest $1 Trillion in the U.S. The New York TimesTrump's 17th week back in office to focus on Middle East trip, admin leaders ironing out China trade talks Fox NewsFor Trump, It's a New Era of Deal-Making With Tech's Most-Coveted Commodity The New York TimesTrump heads to Saudi Arabia eyeing more investment in US BBC
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The White House said it was announcing a trade deal without providing any details. Representatives from the U.S. and China had been meeting in Switzerland.
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