US/China Trade Deal
China's commerce ministry says the two sides committed to take action by May 14
It also said it would take all necessary measures to suspend or remove non-tariff countermeasures taken against the U.S. since April 2.
Reaction
US stock index futures jump after US-China joint statement
S&P 500 futures up 2.8%
Nasdaq 100 futures up 3.6%
Dow futures up 2.3%
Bessent: Both sides on reciprocal tariffs will move down 115%