Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.

The S&P 500 index closed up 3.26% yesterday and it nearly erased its losses for the year. It is still down 0.64% year to date, however. This morning, S&P futures contracts ticked lower, indicating that investors broadly expect others to sell when the market opens in America.

U.S. Commerce Secretary Howard Lutnick said Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs on global imports for the "foreseeable future."

Stock futures rose Sunday after Treasury Secretary Scott Bessent said “substantial progress” was made in trade negotiations with Chinese officials, potentially thawing tensions kickstarted by Trump’s escalating tariff policy.

TARIFFS DELAYED: The United States and China agreed to slash tariffs on each other’s imports for 90-days, and implement a new platform to resolve trade disputes, according to a joint statement from Geneva.

The threat by the U.S. of imposing elevated tariff on imports from Sri Lanka into the U.S. has thrown uncertainty into CEAT Ltd.'s plans to expand its presence in the U.S.

Both countries have agreed to reduce reciprocal tariffs by 115% for an initial 90-day period as talks continue.