CNBC DAILY OPEN: THE U.S.-CHINA DEAL REVIVES MARKETS AND THE IDEA OF A 'TRUMP PUT'
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✍️ The US and China agree to suspend most tariffs on imports for 90 days, with the US keeping a 20% duty on Chinese imports related to fentanyl. The move sparks a market frenzy, with stocks surging and investors cheering the deal.
👉 The US and China agree to suspend most tariffs on imports for 90 days 👉 Reciprocal tariffs between the two countries will be cut from 125% to 10% 👉 The US will keep a 20% duty on Chinese imports related to fentanyl 👉 Total tariffs on China will remain at 30% 👉 Stocks surged, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rising 👉 Technology and consumer discretionary stocks, including Nvidia, Broadcom, Nike, and Starbucks, rallied strongly
-- #DonaldTrump #XiJinping #DarioPerkins #ScottBessent #PaulBrashier #RickMuskat #Osaka #China #US #PortofLongBeach #LongBeach #politics
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