<h1>Global markets pull back as tariff truce, policy uncertainty and weak data raise regulatory, disclosure and trade legal risks</h1> World markets retreated after US and Chinese leaders agreed to extend a trade truce and signal tariff reductions, triggering investor reassessment of sustained bilateral tensions and economic indicators. Market movements reflect legal and policy uncertainty over future tariff commitments, regulatory scrutiny of major technology firms, and potential shifts in national industrial or investment policy. Weak Chinese factory data and mixed corporate earnings underscore legal risk to cross-border trade, investment flows, and securities disclosure obligations as companies increase AI-related capital expenditures. Ongoing volatility may prompt increased regulatory oversight, litigation risk for misstatements about growth prospects, and contractual renegotiations tied to tariff or supply-chain provisions.