Shares of industrial and transportation companies rose amid optimism about the durability of a global economic expansion.

China has reopened itself to Boeing, the biggest U.S. exporter, after the two nations reached a temporary truce in their trade war.

A U.S.-China agreement to pause bruising tariffs was cheered in Beijing as vindication for leader Xi Jinping and his defiant response to President Trump's trade war, while providing a much-needed boost to China's ailing economy.

Two major Japanese automakers have warned that earnings will be hit hard by U.S. tariffs, underlining the risk of an industrywide downturn that could stunt Japan's economic recovery.

Honda Motor and Nissan Motor both expect multibillion-dollar blows from the tariffs on foreign-made cars imposed by the Trump administration in April, they said.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 13, 2025 17:22 ET (21:22 GMT)

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