<ul><li>The TSX Composite Index closed higher on Monday as tension between the U.S. and China seemed to ease, with the index gaining 174.44 points to reach 25,532.18.</li><li>Following talks between the U.S. and China, both countries agreed to reduce tariffs, with the U.S. decreasing tariffs on Chinese imports from 145% to 30% and Chinese duties on U.S. imports dropping from 125% to 10% for the next 90 days.</li><li>In corporate news, Pan American Silver fell 15.9% after announcing plans to acquire MAG Silver Corp, Hudbay Minerals jumped 8.9% after beating profit estimates, and tech stocks like Shopify and Celestica saw significant gains.</li><li>On Wall Street, U.S. stocks surged as the U.S. and China agreed to slash tariffs temporarily, with the Dow Jones Industrial Average rising 2.8%, the S&P 500 increasing by 3.3%, and the NASDAQ Composite jumping 4.4% in response to the positive trade developments.</li></ul>

TSX Closes Higher as Trade Woes Ease

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