averted

Bessent told ABC that the extra tariffs had effectively been averted, and signalled a deal on rare earths and American soybean exports had been reached.

Bessent told ABC that the extra tariffs had been averted, and signalled a deal on rare earths and American soybean exports had been reached.

Bessent said the countries had "reached a substantial framework for the two leaders", adding: "The tariffs will be averted."

The trade war was quickly averted after some frantic negotiations, but the crisis set the tone of things to come.

Other good news for investors: National Economic Council Director Kevin Hassett said the government shutdown could end this week, raising hopes that a long, economically damaging stoppage could be averted.