Dow Jones Soars 1000 Points After Trump’s Trade Deal with China

The Dow Jones soared by over 1,000 points Monday after President Trump announced a 90-day pause on punitive tariffs against China. This pause will reduce the existing 145% tariffs to a more manageable 30%. The deal includes lowering both Chinese and U.S. tariffs for goods traded between the two nations. This positive development boosted stock markets significantly, with the Dow Jones hitting new highs around 42,300 points, gaining over 2.61%., while the S&P 500 and Nasdaq also saw significant growth, demonstrating a widespread optimism in the market’s response to this trade deal.