Trump China Tariff Truce Ignites Stock Markets – Will It Also Pump Up President's Poll Numbers?

Global banal markets are soaring successful nan aftermath of nan waste and acquisition truce betwixt nan U.S. and China.

The agreement, announced early Monday, implements a 90-day cooling-off play betwixt nan world's 2 largest economical superpowers, bringing a impermanent extremity to their tariff warfare that past period triggered a monolithic financial marketplace sell-off. 

U.S. tariffs connected Chinese imports, which were jacked to 145% past period arsenic President Donald Trump hiked tariffs connected countries astir nan world, will beryllium scaled down to 30%, pinch Beijing lowering its tariffs from a retaliatory 125% to conscionable 10%.

"We some person an liking successful balanced trade, nan U.S. will proceed moving towards that," Treasury Secretary Scott Bessent said aft talks pinch Chinese officials successful Switzerland.

WHAT'S IN THE TRADE TRUCE WITH CHINA

Secretary of nan Treasury Scott Bessent, right, and Trade Representative Jamieson Greer return portion successful a property convention aft 2 days of closed-door discussions connected waste and acquisition betwixt nan United States and China, successful Geneva connected Monday, May 12, 2025. (Jean-Christophe Bott/Keystone via AP)

While nan first statement brought instant alleviation to the banal markets, for a president aiming to walk a sweeping schedule done Congress and clasp onto his legislature majorities successful adjacent year's midterm elections, it is nan imaginable governmental payoff that whitethorn beryllium of upmost importance.

The truce pinch China follows days aft an first waste and acquisition woody pinch nan United Kingdom – which is nan first since Trump implemented tariffs past month. The president touted that nan statement pinch London would beryllium "the first of many."

"It's a affirmative first step," seasoned Republican strategist and communicator Ryan Williams told Fox News.

COMMERCE SECRETARY SAYS MORE DEALS TO COME FOLLOWING US-UK TRADE AGREEMENT: 'GOING TO DRIVE OUR ECONOMY'

Trump's support ratings person been sliding since he returned to powerfulness successful nan White House astir 4 months agone and are now underwater successful astir nationalist polling.

Most, but not all, of nan astir caller nationalist national sentiment surveys bespeak Trump's support ratings successful antagonistic territory, which is simply a deterioration from nan president's poll position erstwhile he started his 2nd circuit of work successful nan White House successful precocious January.

Fueling nan driblet successful Trump's canvass numbers are accrued concerns by Americans complete nan system and inflation, which were pressing issues that kept erstwhile President Joe Biden's support ratings good beneath h2o for astir of his presidency.  

Trump stood astatine 44% support and 55% disapproval successful nan astir caller Fox News nationalist poll, which was conducted April 18-21.

Additionally, getting past nan apical lines, nan president's support registered astatine 38% connected nan system and conscionable 33% connected ostentation and tariffs.

Front and halfway is Trump's blockbuster tariff announcement successful early April, which sparked a waste and acquisition warfare pinch immoderate of nan nation's apical trading partners and triggered a monolithic sell-off successful nan financial markets and accrued concerns astir a recession.

POLL POSITION: WHERE TRUMP STANDS 15 WEEKS INTO HIS SECOND PRESIDENCY

In discussing his tariffs soon aft he announced them connected what he called "Liberation Day," nan president touted that "these countries are calling america up, kissing my a--."

"They are dying to make a deal. ‘Please, please, sir, make a deal. I’ll do anything. I’ll do anything, sir!’" Trump claimed.

Will nan tariff truce pinch China springiness President Donald Trump a governmental bounce? (Fox News)

A period later, Trump yet has a chance to show tangible results.

The president touted, "NO INFLATION!!! LOVE, DJT" successful a societal media station Monday morning.

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"President Trump has based on that his schedule requires clip for an accommodation and woody making. He’ll beryllium fixed a play of clip to execute deals to beryllium that his plans are moving and nan first awesome waste and acquisition woody pinch a federation for illustration nan UK is astatine slightest a motion that immoderate of nan activity has been going connected down nan scenes frankincense and is starting to carnivore fruit," Williams said past week, pursuing nan announcement of nan woody pinch nan United Kingdom.

Williams added that nan president will "have to backmost it up pinch more, but it is simply a affirmative first measurement for him successful securing different deals."