Stock market skyrockets as White House hypes promising trade deals

The stock market is rallying as the White House talks up the potential for trade deals with over 100 countries that could settle escalating tariff wars.

The Dow Jones Industrial Average was up 2 percent Tuesday afternoon, about the same about as the broader S&P 500, after Treasury Secretary Scott Bessent told investors about the potential to lower the temperature with China.

'No one thinks the current status quo is sustainable,' he said. President Trump slapped tariffs totaling 145 percent on the world's Number Two economic power, and China has hit back with a 125% tariff on U.S. products.

Although the administration has yet to ...
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