Video: US-China trade deal ‘significantly better’ than expected

Stocks rally on 90-day tariff rollback, risk of recession lessens

May 13, 20252 min watch

Steve Wyett, chief investment strategist at BOK Financial® explores the U.S. and China’s recent tariff agreement, including what it may mean for growth, interest rates and the chance of recession.

KEY POINTS

  • The U.S.-China deal rolls back U.S. tariffs on imports from China to 30% and rolls China’s tariffs on imports from the U.S. back to 10%, all for 90 days.
  • Stock markets are up and gold is down slightly in response to the agreement, which has decreased the degree of uncertainty for the U.S. economy.
  • The trade deal and U.S. tax reform are among the factors that may encourage the Federal Reserve to act on lowering interest rates this summer.
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