Wall Street experienced a rally for the second consecutive day, fueled by optimism over potential de-escalation in trade tensions between the US and China. President Trump expressed intentions to lower tariffs contingent on negotiations with China but did not specify a timeline. He described recent discussions as 'active' and expressed confidence in reaching beneficial agreements. The Dow Jones and Nasdaq saw notable improvements, reflecting investor confidence amidst the administration's ongoing discussions about tariff reductions and trade relations with Beijing.
Trump emphasized that the timeline for lowering tariffs on China will depend on Beijing's actions, calling the current situation a chance for 'great deals'.
The ongoing negotiations are described as 'active' with Trump asserting, 'Everybody wants to be a part of what we're doing' regarding trade talks with China.
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