Global economy avoids worst-case scenario with U.S.-China deal – but truce is fragile, analysts warn
May 13, 2025Open this photo in gallery: Containers are stacked at a port in Nanjing, in eastern China’s Jiangsu province on May 12.STR/AFP/Getty Images
An agreement between the United States and China to de-escalate their trade war sent stock markets sharply higher on Monday, reflecting expectations that the world‘s two largest economies are moving past the most acute phase of their conflict, though analysts warn the truce could be fragile.…
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