Markets soared Tuesday morning following the Trump administration's decision to delay and revise its latest round of punitive tariffs against China. The Dow jumped more than 400 points while the S&P 500 and the Nasdaq Composite both rose roughly 2 percent.
Earlier this month, President Trump announced that U.S. would impose a 10 percent tariff on $300 billion worth of Chinese imports. The tariffs followed seemingly hollow trade talks in Shanghai and were set to go into effect on September 1.
Yet the U.S. Trade Representative (USTR) said on Tuesday that tariffs on certain products should be delayed until December 15. These included “cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing,” the USTR said in a statement.
The agency added that certain products will be removed all together from the targeted tariff list “based on health, safety, national security and other factors,” and that it will conduct an additional “exclusion process” on other products.
The earlier proposed tariff on $300 billion worth of goods would have essentially blanketed all Chinese imports, which totaled roughly $558 billion in 2018, with tariffs.
Brian Vendig, President & CIO of MJP Wealth Advisors, joins to break down Q2 bank earnings and what they signal for markets, investors, and the economy ahead.
Are Gen Z and Millennials done with alcohol? Bacardi's Tony Latham breaks down trends, new preferences, and insights from the 2025 Cocktail Trends Report.
Comscore’s Paul Dergarabedian breaks down the battle of summer blockbusters, from Superman to Jurassic World and Fantastic Four and what it means for studios.
VENU CEO JW Roth breaks ground on a 20,000-seat, state-of-the-art amphitheater in Texas—part of a $300M public-private expansion to redefine live music.
Despite healthcare spending cuts, medtech stocks like Edwards Life Sciences, Stryker, and Boston Scientific are rising, especially those serving older pati
The original Birkin bag created by Hermès for Jane Birkin in 1984 is up for auction in Paris. Sotheby’s expects the iconic bag to sell for hundreds of thousands of euros on Thursday.
Elon Musk’s artificial intelligence company is taking down antisemitic comments and other “inappropriate posts” made by its Grok chatbot, including some praising Adolf Hitler.
Joby CPO Eric Allison discusses the UAE’s historic EVTOL take off, marking Dubai as the launchpad for global air taxi adoption and Joby’s commercial readiness.
