The stock market opened positively but soon turned volatile, with gains slipping away mid-morning. President Trump signaled a readiness to negotiate a cut in China import tariffs from over 100% to possibly 80%. While this news initially raised some hopes, market reactions have been mixed, with investors remaining cautious due to past tariff uncertainties. Notably, Tesla's stock rose significantly, overshadowing other mixed performances within the 'Magnificent Seven' tech stocks. Overall, key indices are showing slight declines as traders digest the implications of potential tariff changes.
President Trump expressed a willingness to reduce China import tariffs from over 100% to 80%, indicating potential further negotiations are on the horizon.
Despite President Trump's tariff reduction hints, markets are exhibiting skepticism, meandering between positive and negative territory as volatility persists.
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