U.S. and China Agree to 90 Day Tariff Pause
In Geneva, the United States and China agreed to suspend tariffs for 90 days to reset talks and avoid a full escalation. Washington will cut the 30 percent level from 145 percent, while China lowers tariffs on U.S. goods to 10 percent, offering a window for substantive negotiations but leaving overall tensions and uncertainties.
MENTIONED IN THIS ARTICLE
Geneva
United States
China
Donald Trump
Beijing
Washington
U.S
Trump
Jamieson Greer
America
Joe Biden
Expec
Jonathan Pingle
UBS
Switzerland
Carol Schleif
BMO
Wall Street
Scott Wren
Wells Fargo Investment Institute
U.s.-China
United Kingdom
U.K
Stocks rally as China US pause on tariffs boosts markets
Wall Street surged after the United States and China announced a 90 day tariff truce, with the S&P 500 up 3.3 percent, the Dow up 1,160 points, and the Nasdaq up 4.3 percent. Oil and the dollar strengthened while Treasury yields rose on expectations the Fed will not need deep rate cuts.
MENTIONED IN THIS ARTICLE
New York
China
United States
U.S
S&p
Trump
Treasury
Federal Reserve
Wall Street
Lululemon
Nike
Carnival
Delta Air Lines
Asia
Best Buy
Amazon
Europe
House GOP targets energy credits amid climate cut plan
House Republicans unveil budget moves to claw back billions in 2022 Inflation Reduction Act climate and clean energy funding including tax credits. The proposal aims to repurpose funds, reverse Biden era programs, and reduce environmental grants while eyeing power over oil and gas development on public lands.
MENTIONED IN THIS ARTICLE
Washington
House
Joe Biden
Brett Guthrie
Kentucky
House Energy and Commerce Panel
Wall Street Journal
Guthrie
Trump
Congress
White House
Biden
House GOP Unveils Medicaid Cuts in Tax Bill Fight
House Republicans reveal a centerpiece of President Trump's plan, proposing at least 880 billion dollars in Medicaid cuts to fund 4.5 trillion dollars in tax breaks. The measure draws fierce Democratic opposition, warnings of millions losing coverage, and a broader race to pass the package before Memorial Day. The plan includes community engagement requirements for able-bodied adults, stricter income verification for ACA enrollment, and potential out-of-pocket costs for some Medicaid recipients above 100 percent of the federal poverty level.
MENTIONED IN THIS ARTICLE
Washington — House
Donald Trump
Trump
Congressional Budget Office
Brett Guthrie
Kentucky
GOP
Energy and Commerce Committee
Frank Pallone
New Jersey
Mike Johnson
House
Josh Hawley
Missouri
Also Mentioned on This Page
Jamey Keaton
David Mchugh
Elaine Kurtenbach
Ken Moritsugu
Associated Press
Greer
Scott Bessent
Bessent
United Nations
Lake Geneva
Niall Pawa
Meric Greenbaum
New York Stock Exchange
Sions
House Committees On Energy and Commerce and
Ways and Means
Dems
Johnson
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