Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says 'Don't worry about
China
Investors are eyeing a stock market rebound after Fridays trade war flare-up sent the S&P 500 to its worst loss since April.
On Sunday, President Donald Trump sought to calm nerves in a post on Truth Social, following his announcement on Friday that he will impose an additional 100% tariff on China and limit U.S. exports of software.
Dont worry about China, it will all be fine! he wrote. Highly respected President Xi just had a bad moment. He doesnt want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!!
Meanwhile, Vice President JD Vance told Fox Newss Sunday Morning Futures that the U.S. is willing to be reasonable if China is too, though he insisted Trump has the upper hand with far more cards than Beijing holds.
https://www.msn.com/en-us/money/markets/dow-futures-jump-nearly-400-points-as-markets-eye-another-serving-of-the-taco-trade-after-trump-says-don-t-worry-about-china/ar-AA1Okxi1
So they're hoping Trump chickens out.