Trump, Stocks and global trade war
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Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.
Stocks remain sharply higher midday as investors celebrate an agreement by the U.S. and China over the weekend to cut tariffs on each other for 90 days. The de-escalation shows President Donald Trump "listened to the critics,
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US-China Slash Tariffs by 115% for 90 Days in Surprise BreakthroughPolitical and Market Reaction Former President Trump celebrated the deal, proclaiming on his TruthSocial platform: “GREAT PROGRESS — this is the start of a TOTAL RESET!” His post signalled a softening of stance, despite years of aggressive trade ...
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Here's where major indexes stood around 2:10 p.m. ET on Monday: "The market reaction was quick and spectacular," David Morrison, a senior market analyst at Trade ... The agreement over the weekend ...
Tanker owners are in a win-win situation as the US and Iran reportedly close in on a nuclear deal. Reuters and the BBC reported US President Donald Trump as saying on Thursday Iran had “sort of” agreed to the terms of a new deal on weapons development.