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Re: No thank you, President Trump

Posted by Orange Blossom Special on Tue May 13 10:18:41 2025, in response to No thank you, President Trump, posted by Kevin from Midwood on Tue Mar 4 10:08:13 2025.

Stock market goes berserk on China trade deal as S&P 500 set to wipe out Liberation Day losses: Live updates

The stock market soared on Monday morning after Donald Trump dramatically sealed a trade dal with China.

America will cut tariffs it imposed on Chinese imports last month from 145 percent to 30 percent.

Chinese levies on U.S. imports will fall from 125 percent to 10 percent. The new measures are effective for 90 days.

As of 10:30 am ET, major U.S. stock indices were up several percent.

The NASDAQ was up 3.25 percent, the DOW Jones was up 2.15 percent and the S&P 500 was up 2.35 percent.

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