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The Trump administration is serious about using tariffs to generate revenue that funds tax cuts.
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The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.
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While investors will be more positive on the sector overall, Apple and Dell are among the tech companies that could see particular relief from recent developments.
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U.S. stocks are leaping Monday after China and the United States announced a 90-day truce in their trade war. Each of the world's two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves.
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Both sides are hailing the temporary reprieve, which will cut U.S. duties on Chinese goods to 30 percent, but analysts say underlying issues remain.
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Dow closes up 1,160 points as US and China agree to slash tariffs ABC NewsDow soars 1,100 points after Trump team and China dramatically lower tariffs CNNStock market today: Dow, S&P 500, Nasdaq futures trade flat after Wall Street cheers US-China trade truce Yahoo FinanceWhat the U.S.-China Tariff Rollback Me
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Tariff Truce With China Demonstrates the Limits of Trump's Aggression The New York TimesDow soars around 1,000 points higher after Trump team and China dramatically lower tariffs CNNTrump Backed Down on China Tariffs The New York TimesThe Tariff Climbdown: Six Takeaways From Economists and Analysts WSJ
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