(Reuters) -Futures for Canada's main stock index surged on Monday, after the United States and China agreed to temporarily slash reciprocal tariffs, bolstering investor optimism and easing fears of an all-out trade war unsettling global markets.

America can explain to China its reasons for the tariffs in the simplest of terms: ‘We must raise revenue. Our government is nearly bankrupt.’ Y et another China “trade deal

The negotiations mark a significant de-escalation in Trump’s global tariff offensive, which had sent US stocks tumbling as much as 15 per cent following Trump’s “liberation day” announcement. Trump had paused most of the so-called reciprocal tariffs a week after they were announced,