
S&P 500 surges 2.7% after the U.S. and China announce a 90-truce in their trade war
A joint statement on Monday said that for a 90-day period, the U.S. will cut tariffs on Chinese goods to 30% from as high as 145%. China said its tariffs on U.S. goods will fall to 10% from 125%. The agreement to allow time for more talks followed weekend …