In a jaw-dropping move no one saw coming, the United States and China have hit the brakes on their brutal trade war, slashing tariffs in a high-stakes 90-day truce that’s already setting financial markets on FIRE.
According to officials speaking to Reuters, the U.S. will cut massive tariffs on Chinese imports from a punishing 145% down to a more bearable 30%. Meanwhile, China is throwing a bone back — chopping tariffs on U.S. goods from 125% to just 10%.
It’s the biggest breakthrough in years between the world’s two largest economies — and Wall Street is LOSING IT.
“This is a full-blown economic adrenaline shot,” one market insider told Investopedia. “It’s a miracle we didn’t see this sooner.”
As the news exploded Monday morning, the Dow rocketed over 1,000 points, with the S&P 500 up nearly 3% and the Nasdaq blasting 4% higher in a frenzy not seen since the pandemic stimulus boom. General Motors, Ford, and Stellantis all saw their stocks surge — with automakers celebrating what they’re calling “a long-overdue reset.”
But don’t pop the champagne just yet — because while traders are toasting, millions of summer travelers are bracing for chaos.
In a brutal twist, Transportation Secretary Sean Duffy dropped a travel bombshell — warning that U.S. airports may be in deep trouble this summer.
“We’re seeing radar outages, flight scheduling nightmares, and failing infrastructure at major hubs like Newark,” Duffy told CBS12. “This isn’t an isolated issue — it’s systemic.”
Translation? Your summer vacation could turn into a travel hellscape.
Already, Newark is slashing incoming flights. Insiders warn other major airports could be next. Delays, cancellations, and stranded passengers may become the new normal.
Even worse, travel demand is already tanking. As first reported by AP News, Expedia and other big-name travel platforms say Americans are pulling back — spending less on flights and hotels, and rethinking getaways altogether.
With two wild stories colliding — a global financial shake-up and a looming travel disaster — Americans are stuck between soaring markets and grounded planes.