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US Stocks Rise Ahead of China Trade Talks

Wall Street stocks climbed early Friday, extending the prior session’s momentum as markets looked ahead to weekend trade talks between China and the United States.

US President Donald Trump said an 80 percent tariff on China “seems right” in a post on social media. The United States currently has raised tariffs on Chinese imports to 145 percent, with cumulative duties on some goods reaching 245 percent.

Representatives from the two countries are scheduled to meet in Switzerland this weekend. The talks come after Trump reached a trade accord Thursday with Britain that the US president said was the first of many to come.

About five minutes into trading, the Dow Jones Industrial Average was up 0.3 percent at 41,489.17.

The broad-based S&P 500 gained 0.4 percent to 5,687.35, while the tech-rich Nasdaq Composite Index advanced 0.6 percent to 18,039.02.

Trump’s many tariff announcements have pressured markets in 2025. Stocks fell sharply after Trump’s April 2 broadly directed announcement of reciprocal tariffs, but have rebounded in recent weeks as the administration has adopted a more conciliatory tone on negotiations.

 

AFP

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