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U.S.-China Tariff Cuts Spark Nasdaq Bull Market Surge

5/28/2025

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Summary

Story summary

U.S. stocks surged as the Nasdaq Composite entered a bull market following tariff reduction agreements between the U.S. and China.
President Trump's tariff on China will drop from 125% to 10%, but a 20% fentanyl tariff remains.
China will reciprocate by lowering its tariffs on U.S. goods to 10%.
These tariff reductions are set for 90 days, with further negotiations planned.

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Story summary

U.S. stocks surged as the Nasdaq Composite entered a bull market following tariff reduction agreements between the U.S. and China.
President Trump's tariff on China will drop from 125% to 10%, but a 20% fentanyl tariff remains.
China will reciprocate by lowering its tariffs on U.S. goods to 10%.
These tariff reductions are set for 90 days, with further negotiations planned.