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International Business Times UK

Business

Angelo dela Dingco

'We Have a Deal': Global Markets Soar as Trump and Xi Agree to Historic One-Year US-China Trade Truce

United States China Donald Trump Xi Jinping SP 500

U.S. and China flags, along with U.S. dollars. (Credit: Pexels)

Global stock markets rallied dramatically following news that the US and China had reached a significant trade truce. Leaders from both nations agreed on a one-year moratorium on tariff conflicts, signalling a potential thaw in their often-turbulent relationship. US President Donald Trump confirmed the news to reporters, stating simply, 'We have a deal.'

A Pact of Promises and Commitments

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