A 90-day tariff truce sparks a global market rally—here’s how Singapore investors can capitalise on the opportunity with a balanced investment strategy.
After months of intensifying tensions between the world’s two largest economies, the US and China have reached a temporary trade agreement, potentially ending a turbulent chapter in their long-standing tariff war. In a closed-door summit in Geneva, top officials made a deal that saw reciprocal tariffs cut dramatically from
145% to 30% by the US and
125% to 10% by China for the next 90 days. The 20% tariff on Chinese fentanyl-related products will remain.
Source: Google Finance, 13 May 2025 Overall, this significant reduction in tariff rates is seen as a positive move, and the announcement of the deal was met with global optimism. Stock markets around the world reacted swiftly, with Hong Kong-listed shares surging by nearly 3%, Germany’s DAX hit a one-year high,...