The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.

America can explain to China its reasons for the tariffs in the simplest of terms: ‘We must raise revenue. Our government is nearly bankrupt.’ Y et another China “trade deal

The negotiations mark a significant de-escalation in Trump’s global tariff offensive, which had sent US stocks tumbling as much as 15 per cent following Trump’s “liberation day” announcement. Trump had paused most of the so-called reciprocal tariffs a week after they were announced,

Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.

Meta logo is seen at their stall during the World Audio ... More Visual & Entertainment Summit (WAVES) event in Mumbai. (Photo by Ashish V

A deal with China is seen as a relief for investors who worried tariffs as high as 145% would severely limit trade, raise prices and hurt the U.S. economy.