May 15th, 2025
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Stock markets in Asia had different results on Tuesday. People were happy at first about the temporary trade deal between the U.S. and China, but this feeling did not last. Experts also said that President Trump's plans could change quickly.
The United States and China said they will lower the taxes on things they buy from each other. The U.S. will lower taxes on things from China to 30% from over 100%. China will lower taxes on things from the U.S. to 10% from 125%. This gives them more time to talk after their meeting in Switzerland. They said they did well in the talks.
The result was better than most people thought, which made investors feel more confident.
He said it was clearly planned. But it looks good, and it is important. It shows that the government understands that high taxes on goods are bad for the economy.
But there are still big problems in the talks between China and the US, and many Asian countries still need to make their own agreements to lower taxes on goods.
Beijing is still angry about the trade war. The Chinese leader, Xi Jinping, talked to people from China and Latin America. He said that no one wins a trade war. He also said that trying to control others will make you alone.
In Tokyo, the stock market called Nikkei went up. Car companies like Toyota and Suzuki also saw their shares increase.
Nissan's share price went up by 3.4% because the company plans to cut 10,000 jobs. This means they will cut 20,000 jobs in total.
The stock market in South Korea, called the Kospi, stayed almost the same. The number was 2,606.46.
Today, the stock market in Hong Kong went down by 1.5%. It was at 23,189.15 points. This happened because many people sold their technology shares. Yesterday, the market went up by 3%. This was after China and the US agreed to stop some taxes and make others lower.
The stock market in Shanghai went up a little, by 0.2%. It is now at 3,376.22. The stock market in Taiwan went up more, by 1%.
The main stock market in Australia went up a little, by 0.5%, to 8,274.70.
On Monday, the two biggest economies in the world said they would reduce the taxes on things they buy and sell to each other.
This made the S&P 500 go up 3.3%. It was then only 5% lower than its highest point ever, which was in February. It dropped almost 20% but went up again last month. This happened because people hoped President Donald Trump would make trade deals and charge less money on imported goods.
The main stock market index, which is important for many retirement plans, is now higher than it was on April 2. On that day, President Trump said he would put taxes on goods from other countries. This made people worried that it could cause a recession, which is when the economy slows down.
The Dow Jones stock index went up by 2.8%, and the Nasdaq index went up by 4.3%.
The price of oil went down a little after going up on Monday.
On Monday, the U.S. dollar got stronger compared to money from Europe and Japan. On Tuesday morning, the dollar was worth a little less against the Japanese money, but it was worth more against the European money.
The U.S. and China stopped talking for a while. This happened after the U.S. made a deal with the U.K. last week. The deal will make taxes lower on many things from the U.K. to 10%.
Later this week, we will get economic reports. These reports will tell us about prices and how people in the U.S. feel. They might show how much the economy has been hurt because people are worried about tariffs.
Many shops did well because they sell many things from China and other countries in Asia. For example, Best Buy's stock went up 6.6%, and Amazon's went up 8.1%.
Small companies in the U.S. did well. Their success depends on the U.S. economy more than bigger companies. An index for these companies, called the Russell 2000, went up a lot, by 3.4%.
Companies that get their clothes from China also did well.
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