Markets Surge as U.S. and China Agree to 90-Day Tariff Truce
Global markets rallied on Monday following a significant de-escalation in trade tensions between the United States and China.

Global markets rallied on Monday following a significant de-escalation in trade tensions between the United States and China.
Global stock markets plunged on Monday in what is being called “Black Monday,” as fears surrounding escalating U.S.-China trade tensions triggered a massive three-day sell-off that wiped out $9.5 trillion in value
"This year our sector will break all records – adding $11 TN dollars to the global economy. Business Travel was only expected to recover in 2025. It’s back to 20% market share today." - WTTC President & CEO, Julia Simpson at the Opening Ceremony of Perth
The figure represents a 7.5% increase compared to the peak levels of 2019. Currently, the global tourism sector generates almost 348 million jobs worldwide.
Third of world economy to hit recession in 2023.
Group of 20 finance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.