On May 11, the United States and China agreed to a 90-day pause in their trade dispute. The United States agreed to slash tariffs from 145% to 30%, and China agreed to reduce its reciprocal tariffs from 125% to 10%.
The glass-half-empty crowd will fall back on the saying: the devil is in the details. Even in the best of times, Chinese stocks carry some risk. Even though the companies are listed on U.S. exchanges, there is an opaqueness to the companies' finances that can be troubling. Now add in weakness in the Chinese economy and the overhang of a trade war, and you can understand why investors want some clarity.
