US China Trade Deal Optimism Will Spark Massive Dow Jones Rally
The Dow Jones and the rest of the U.S. stock market are expected to initiate strong rallies in the upcoming weeks as the confidence of investors in the prospect of a comprehensive deal between the U.S. and China grows.
On Friday, several sources including The Wall Street Journal reported that the Trump administration is set to extend the suspension on tariffs from March 1 to May 1, by 60 days.
The intent of the U.S. government to postpone the deadline of the trade deal demonstrates the willingness of both countries to achieve a full agreement in the upcoming months.
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