Part 4/7:
The details of the trade agreement reveal a 90-day tariff reduction, with the U.S. cutting its tariffs on Chinese goods from 145% to 30%, and China reciprocating by reducing its tariffs on U.S. goods from 125% to 10%. This announcement, delivered by U.S. Treasury Secretary Scott Bessent, has reignited institutional interest in the stock market, particularly in Tesla.
The stock market, sensitive to uncertainty, reacted to the trade news positively after a period of sheer panic selling among deep-pocketed investors. Reflecting on past statements, former President Donald Trump’s bullish comments on investing in stocks resonate now, as the situation appears to align with his predictions about economic resurgence driven by favorable trade conditions.