trade ·
China, US Agree to AI Dialogue and Tariff Cuts on $30B Goods During Xi Visit
The US and China agreed to an AI dialogue and tariff cuts on $30 billion in goods during Xi's visit.
What happened
The US and China agreed to an AI dialogue and to cut tariffs on $30 billion in goods during Xi's visit, according to Reuters.
What it means for the Nasdaq and TQQQ
Tariff cuts on goods can lower trade costs and ease supply-chain conditions for companies tied to China. For the Nasdaq-100, that can feed into risk appetite and earnings expectations for large tech and consumer names. Because TQQQ seeks about 3x the daily moves of the Nasdaq-100, any index reaction can be amplified.
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.