US-China trade truce euphoria is giving way to worry over economic slowdown in the wait for the latest US consumer inflation report

Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

The president ran for office promising to “make America great again,” and months after being sworn in, raised tariffs against America’s trading partners. President Herbert Hoover, that is — whose own “MAGA” slogan helped him win the White House in 1928.

Cat, Deere, and Toro are three of the premier global names in the manufacture of heavy duty equipment used in construction, mining, agriculture, and lawn care. They were seen as vulnerable to tariffs in two ways: They both rely on raw materials that are often imported and look to markets like China as a valuable source of sales.

Honda is the latest automaker to warn of a massive hit to its profits as a result of President Trump's auto tariffs.

By Amanda Cooper LONDON (Reuters) -A rally in global stocks and the dollar lost some momentum on Tuesday, as initial euphoria over a trade truce between the United States and China gave way to the persistent concern among investors over the impact of the standoff on the global economy.

The 10% figure has been Trump's baseline. He gave it to most countries for a 90-day negotiating period after his April 2 “Liberation Day” tariff rollout caused a panic in the

Auto stocks, led by Tesla, charged higher as the US and China reached a temporary trade reprieve. Although the auto sector was excluded from the deal, optimism remains for a bigger deal.