New Overnight Developments Abroad - Daily Update
Two Geopolitical Breakthroughs Send Stocks and Dollar Sharply Higher
May 12, 2025
(192) The Pakistani and Indian governments accepted a brokered ceasefire of their rapidly escalating military conflict in Kashmir. Then came news of greater-than-anticipated 115 percentage point scale-back in U.S. and Chinese tariffs against one another. It’s a temporary 90-day agreement that reduces U.S. tariffs on imported Chinese goods to 30% from 145%, and reciprocal Chinese […] More
