Dow gets 1,000 points, while S&P 500, Nasdaq shares surge as U.S.-China trading stimulates stocks
Investors around the world are evaluating U.S.-China deals to lower their reciprocal tariff rates, both sides cut 115 percentage points to 10%.
Aaron HillChief Analyst of FP Market
This “marks a critical moment in global trade dynamics. However, the 90-day schedule shows that these tariffs are a negotiation strategy rather than a permanent resolution, creating uncertainty about long-term trade policies.”
Kenneth Broux
“There is a downgrade between China and the United States, resulting in a reduction of tariffs on Chinese goods to 30% and China's tariffs on American goods to 10%. This is a clear vote for the market, favoring more risky assets. This is a step in the right direction, an active vote for U.S. assets and the U.S. economy.”
Jane Foley
“That doesn't mean we're back to where we were before Trump's inauguration, where the 10% benchmark tariffs remain, 90 pauses, and the clocks are all there to start ticking. Overall, things aren't as bad as it does, but we still have a lot of uncertainty about where these tariffs will settle down, and there's a lot of uncertainty about world growth and central bank policies.”
Read more from Reuters here.
