LONDON/SINGAPORE: Wall Street stock futures surged, the dollar rallied and gold prices slumped on Monday as U.S. and Chinese officials pledged to slash reciprocal tariffs in a move that swept trade war fears out of global markets, at least for now.
Following weekend talks in Geneva, a joint U.S.-China statement on Monday said that both sides would drop trade levies imposed since U.S. President Donald Trump's April 2 tariff blitz.
