US strikes trade deal with China
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Trump, Deals and Trade
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Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.
The White House announced a "China trade deal" in a May 11 statement, but did not disclose details. The apparent agreement came together sooner than most observers expected after Trump's 145% tariffs on Chinese imports virtually halted $600 billion in annual trade between the world's two largest economies.
Monday was an eventful day in the NBA. Not only did Shams Charania of ESPN report that Giannis Antetokounmpo is open to leaving the Milwaukee Bucks for the first time in his career, but the Dallas Mavericks also won the 2025 draft lottery.
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