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Stocks Surge as US, China Trade Tensions Cool | Bloomberg Open Interest 05/12/2025

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May 12, 2025

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The risk rally is on as the US and China slash tariffs on goods for 90 days in a move to cool trade tensions. And President Trump is promising to slash drug prices for Americans by more closely aligning their costs to lower prices paid abroad. He signs an executive order directing the US Trade Representative and the US Department of Commerce to take action on what White House officials said are unreasonable or discriminatory policies that suppress drug prices overseas.

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And President TrumpUS Trade RepresentativeUS DepartmentWhite HouseBloomberg Open InterestTyler Kendall Bloomberg NewsCaroline HydeGerry Smith Bloomberg News

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