trade ·
Trump, Xi Mark Extension of US-China Trade Truce
The world's two largest economies extend their trade agreement as diplomatic engagement continues.
What happened
The US announced an extension of its trade truce with China, with President Trump welcoming Xi Jinping in his capacity as Chinese leader, according to Reuters. The extension signals continued engagement on trade matters between Washington and Beijing.
What it means for the Nasdaq and TQQQ
Trade tensions between the US and China have historically roiled tech stocks and the broader Nasdaq-100. When trade disputes ease, reduced tariff uncertainty and geopolitical risk can support risk assets like TQQQ, which amplifies Nasdaq-100 moves. Conversely, deteriorating trade relations tend to weigh on growth stocks and rates.
Originally reported by Reuters. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
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Education, not investment advice.