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Stocks surge after U.S. and China agree to 90 day tariff reduction, Apple up over 6%

Markets soared on the news, though exact details still have to be ironed out.
The article from Fortune discusses the significant surge in U.S. stock markets, with the Dow Jones Industrial Average rising over 300 points, driven by optimism about a potential U.S.-China trade deal. Scott Bessent, a former Trump administration official and founder of Key Square Capital Management, attributes this market rally to President Trump's strategic approach to trade negotiations, particularly his decision to delay tariffs on Chinese goods. Bessent believes that Trump's actions have pressured China into making concessions, thereby increasing the likelihood of a successful trade agreement. The article also highlights the broader economic implications, suggesting that a resolution to the trade war could boost global economic growth and investor confidence.

Read the Full Fortune Article at:
https://fortune.com/article/stocks-surge-china-us-trade-deal-tariffs-trump-bessent/

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