Dollar Surge: US-China Trade Deal Paves Path for Market Reversal

Following a breakthrough agreement between the United States and China to pause trade tariffs for 90 days, the dollar experienced a significant surge. This news marks a potential turning point in escalating global economic tensions that have impacted markets since former President Trump’s tariff announcements last April. U.S. Treasury Secretary Scott Bessent confirmed the deal on Monday, which aims to create a temporary respite from trade barriers. While specific details remain undisclosed, the agreement is designed to allow for more comprehensive negotiations while mitigating potential economic damage stemming from the trade war.