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Treasury Secretary Bessent says 'we have the makings of a deal' with China

1. Treasury Secretary Bessent is optimistic about a U.S.-China trade agreement. 2. Negotiations have made progress but are not finalized yet. 3. Current tariffs have been reduced from aggressive highs to more manageable rates. 4. August 12 is a critical deadline for achieving a deal. 5. Concerns remain about China's actions regarding Iran and Russia.

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FAQ

Why Bullish?

A potential trade deal could stabilize markets, similar to past agreements that boosted investor confidence. For instance, the preliminary trade deal between the U.S. and China in January 2020 led to a significant rally in the S&P 500.

How important is it?

The likelihood of a trade deal can significantly impact market sentiment, influencing stock prices in the S&P 500.

Why Short Term?

The August deadline creates immediate market focus, influencing investor sentiment. Historical examples include previous trade announcements that caused quick market movements.

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