Dow soars 1,100 points after Trump team and China dramatically lower tariffs

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Dow soars 1,100 points after Trump team and China dramatically lower tariffs

US stocks surged after President Donald Trump’s top trade officials brokered a surprisingly dramatic de-escalation in trade tensions with China, dropping tariffs to much lower levels, which some economists say could stave off a US recession. #CNN #News

Date: May 13, 2025