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Express News | Trump: The stock market will rise significantly.
Goldman Sachs takes the lead: Trust the president, S&P hits 6500!
Trump's "slapdash studies" won again, as Goldman Sachs has raised the S&P 500 Target Price to 6,500 points, indicating an 11% upside potential.
Sino-U.S. talks bring warmth! The financial markets welcome "Mad Monday," with Hong Kong stocks rising above 23,000 points, and Pre-Market Trading skyrocketing across the board.
This high-level economic and trade dialogue between China and the United States has achieved substantial progress, significantly reducing bilateral tariff levels. The U.S. has canceled a total of 91% of the additional tariffs, and China has correspondingly canceled 91% of the counter-tariffs; the U.S. has suspended the implementation of a 24% "reciprocal tariff," and China has also correspondingly suspended the implementation of a 24% counter-tariff.
Three sentences to analyze the "substantial progress" in the high-level China-U.S. economic and trade talks.
Local time from May 10 to 11, high-level economic and trade talks between China and the United States were held in Geneva, Swiss Franc. The talks reached a series of important consensus and achieved substantial progress.
India has been reported to be willing to reduce the tariff gap by two-thirds, striving to reach a trade agreement with Trump.
India has proposed to reduce the average tariff gap with the USA from nearly 13% to below 4% in exchange for the Trump administration exempting existing and potential tariffs. The average tariff rate for India is 17%, while for the USA it is 3.3%. If an agreement is reached, the tariff gap between the two countries will shrink by approximately 9 percentage points.
Express News | President Trump of the USA: Costs are down, there is no inflation. This is completely different from what the Federal Reserve and fake news media hoped for!