- The big story this AM is that the markets are surging on an initial big thaw in China US relations. Each country has agreed to reduce their tariffs to 10%. The US has also said they would add a 20% amount on to the tariff as a penalty for the fentanyl trade from China.
- The parties have agreed to a 90-day trade war truce.
- Companies that rely heavily on imports from China or selling into Chinese markets are up a great deal premarket. Amazon is up 8%. Tesla is also up more than 7%. Apple, Nvidia and Meta Platforms are all also up more than 5%.
Podcasts
May 12, 2025
1:44 pm
We are excited to feature world class orthopedic surgeon who is also the co-founder of