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Home » Blog » Dow surges more than 1,000 points after China and the U.S. agree to temporary tariff cuts

Dow surges more than 1,000 points after China and the U.S. agree to temporary tariff cuts

Alexander ReedBy Alexander Reed Business
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After the announcement of President Trump of the China American Commercial Agreement on Monday, US actions increased, closing near the session maximums as the markets welcomed the temporary suspension of reciprocal tariffs. The joint declaration of both nations facilitated the fears of a prolonged commercial war, feeding a manifestation of the global market. Early trade saw that the S&P 500 won 2.6%, placing it within 5.5% of its peak in February. The Dow Jones Industrial Average increased more than 1,100 points, winning 2.8%, while the Nasdaq compound with technological weight led the load, shot 4.3% in renewed optimism of investors and relieveing ​​geopolitical tensions.

After the US agreement. And China to stop tariffs for 90 days, Wall Street saw a remarkable performance, and the feeling of investors was reinforced by the unexpected magnitude of tariff reductions. The United States reduced tariffs in most Chinese imports from 145% to 30%, while China reduced its 125% tariffs in US -American goods.

This relief revived interest in large technological megacaps previously affected by commercial tensions. The US stocks of USA. UU. Increased around 400 points in response to positive news. The Nvidia (NVDA) chips giant increased approximately 5%, while Amazon (AMZN), Apple (AAPL) and Tesla (TSLA) also recovered. The US dollar (dx = f) and treasure yields (^tnx) rose, and oil prices (cl = f, bz = f) led a wide rally of basic products.

Merchants are waiting for key inflation data this week to evaluate the initial inflationary impact of President Trump’s rates.

Optimism has grown after high -level commercial conversations in Switzerland, with both sides that indicate progress. The United States Secretary of the United States, Scott Besent, described the discussions as “highly productive”, while the Vice Prime Minister of China, he, Lifeng said that an “important consensus” was reached. A joint statement is expected shortly, with both nations that have more developments destined to relieve commercial tensions and potentially reduce the old US commercial deficit with China.

BTM

Business Talk is a digital business magazine that attends CEO, businessmen, VC and corporations. While we work with businessmen and business executives, we focus not only on their achievements. Our mission is to shed light on commercial entities, including their innovations, technological reference points, USPS and milestones/praise.

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