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Trump Announces Smooth Progress in US-China Trade Agreement, Dow Jumps Over a Thousand Points

Trump Announces Smooth Progress in US-China Trade Agreement, Dow Jumps Over a Thousand Points

US President Trump recently stated that progress on a potential trade agreement with China is going smoothly, paving the way for negotiations. This comment was seen by the market as a significant signal of easing tensions in US-China trade, leading to all major US stock indices rising by over 2%. The Dow Jones Industrial Average quickly recovered from its previous day's losses, bouncing back by more than 1,000 points.