Homeasia pacificTrump’s China trade truce extension spurs market rally

Trump’s China trade truce extension spurs market rally

asia pacificAugust 12, 2025
1 min read
Trump’s China trade truce extension spurs market rally
Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause

Bourses in Australia and Japan hit record highs as hopes grow of trade deal within latest 90-day pause

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Donald Trump’s decision to extend a truce in the trade war with China has triggered a stock market rally across the globe.

On Monday night, the US president signed an executive order extending the deadline for higher tariffs on China until 10 November. Beijing said early on Tuesday it would suspend additional tariffs on US goods for a further 90 days.

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Source: Guardian - World News

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