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Trump Extends U.S.-China Tariff Ceasefire by Two Months

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Story summary
  • U.S. President Donald Trump met Chinese President Xi Jinping at the White House.
  • Treasury Secretary Scott Bessent announced a two-month extension of the U.S.–China tariff ceasefire.
  • Vice Premier He Lifeng agreed with U.S. officials to create an AI safety incident notification system.
  • The S&P 500 closed at 7,704.13 points.
  • U.S. 10-year Treasury yields rose to 5.20%, a level not seen since July 2007.