May 15th, 2025
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Asian shares were different on Tuesday. People were happy about the trade truce, but then they were not so happy. This is because President Trump's plans might change fast.
The US and China will lower taxes on goods. The US will lower taxes on Chinese goods. China will lower taxes on US goods. This is good for talks.
The result was better than many people thought.
He said, "They planned this meeting well. It looks good, and the results are important. It shows the government knows that high taxes on things from other countries hurt the economy."
But there are still big problems in the talks between China and the US. Many countries in Asia also need to make their own deals to pay less tax on things they buy and sell.
China is still angry about the trade war. China's leader said nobody wins a trade war. He said being mean to others makes you alone.
Stocks in Tokyo went up. Toyota and Suzuki went up a lot.
Nissan's stock went up. The company will fire many workers.
The stock market in South Korea did not change much. The number was 2,606.46.
Shares in Hong Kong went down because people sold many technology shares.
Stocks in Shanghai went up a little, and stocks in Taiwan went up 1%.
The stock market in Australia went up.
On Monday, two big countries said they will make taxes lower on things they buy from each other.
This made the S&P 500 go up a lot. It was almost at its highest point. It went down before, but it went up again because people hope the president will make trade deals with other countries.
Stocks are higher now than in April.
Stock markets went up a lot.
Oil prices went down a little.
On Monday, the U.S. dollar was strong. It was stronger than the euro and the Japanese yen. On Tuesday, one dollar was 147.98 Japanese yen. Before, it was 148.47 yen. But the dollar was stronger than the euro. One dollar was $1.1113. Before, it was $1.1088.
The U.S. and China stopped talking for a short time. This happened after the U.S. made a deal with the U.K.
Later this week, we will get news about prices and how people feel. This news can show if problems with taxes are bad for the economy.
Many stores did well. They sell many things from China and Asia. Best Buy's price went up 6.6%, and Amazon's price went up 8.1%.
Small companies in the U.S. had a good day.
Companies that make clothes and buy things from China also did well.
May 15th, 2025
Good news: People in US feel better about money now.
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