The President's Daily Brief PDB Afternoon Bulletin | May 12th, 2025: US-China Agree To Slash Tariffs In Major Trade Breakthrough & White House Secures Release Of American-Israeli Hostage From Hamas Captivity
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May 12, 2025 A surprising U.S.-China agreement to roll back tariffs marks a potential thaw in their trade war, aimed at reviving global markets. Additionally, the unconditioned release of an American-Israeli hostage by Hamas showcases significant diplomatic maneuvers. This bold move reflects the complexities of international negotiations at a time when tensions remain high, prompting discussions about the fate of other hostages and the broader implications for regional stability.
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US-China Major Trade Breakthrough
- The US and China agreed to slash tariffs significantly for 90 days to ease the trade war impact.
- This deal includes tariff reductions and removal of most economic barriers, marking a rare cooperation breakthrough.
Economic Impact of Trade War
- China's economy has suffered greatly from the trade war, risking millions of jobs.
- Both sides recognize that economic decoupling would harm global markets, motivating cooperation.
Markets React to Deal Optimism
- US stock markets surged in response to the trade deal news, reflecting investor optimism.
- However, lasting success depends on ongoing talks towards a comprehensive trade agreement.