Business Rundown: U.S. & China Agree To Slash Tariffs
Podcast: The Fox News RundownPublished On: Mon May 12 2025
Description: The United States and China have agreed to slash the majority of their tariffs on each other for 90 days, as the two nations plan to continue talks on a broader trade deal. News of this tariff truce broke early in the morning on Monday, sending global markets soaring. FOX Business co-anchor of The Big Money Show Taylor Riggs speaks with Payne Capital Management President Ryan Payne to explain the "shock & awe" of this deal, how "Liberation Day" tariffs will be seen in retrospect, and why the market seemed certain a China deal would get done. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
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