Fallout: Stocks Surge After Trump Wins Major Deal
U.S. stock markets have surged after an agreement between the Trump administration and China to lower tariffs. The Dow Jones Industrial Average rose over 1,000 points, while the NASDAQ and S&P 500 have gained nearly 600 and about 100 points, respectively. The improvement has erased recent losses from President Donald Trump's tariffs.The U.S. and China agreed to reduce tariffs on each other's goods for an initial 90 days. The U.S. will lower tariffs on Chinese products from 145% to 30%, while China will cut its tariffs on American imports from 125% to 10%. This unexpected breakthrough has eased tensions in their trade war and positively impacted global markets.
The U.S. and China agreed to reduce tariffs on each other's goods for an initial 90 days. The U.S. will lower tariffs on Chinese products from 145% to 30%, while China will cut its tariffs on American imports from 125% to 10%. This unexpected breakthrough has eased tensions in their trade war and positively impacted global markets.
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