China tariffs agreement, the pressure is already on for the next catalyst. It’s now up to President Donald Trump to deliver on his dealmaking reputation.The S&P 500 is now 3% above its level before the April 2 “Liberation Day” tariff announcement.

World shares and U.S. futures surged Monday after the U.S. and China announced they were suspending for 90 days most of the sharp tariff hikes each has imposed since U.S. President Donald Trump began escalating his trade war.

U.S. stock markets soared on Monday, May 12, after the U.S. and China announced a pause on “reciprocal tariffs” for 90 days while the two countries work out a trade deal. President Donald Trump cut tariffs on China to 10%,