A US-China trade deal, announced on 12 May 2025, has slashed tariffs from over 100% to 10% for 90 days, propelling the S&P 500 to its highest level since March.
This temporary truce in a bruising trade war has sparked a global market rally, but Wall Street analysts remain sharply divided on its long-term impact. With £460 billion ($607 billion) in bilateral trade at stake, the deal's promise of growth clashes with fears of persistent inflation and unresolved tensions.
