What is going on? Looks like Stock Market believes in Trump

China's latest response on tariffs sends shock into the market

China and the U.S. are not having any tariff negotiations, and the U.S. should stop creating confusion, China’s Foreign Ministry Spokesperson Guo Jiakun said on Apr. 25.

President Donald Trump claimed in an interview with TIME magazine the same day that China’s President Xi Jinping called him, and both administrations are engaged in active talks to strike a deal. It would be a “total victory” if the U.S. still has tariffs as high as 50% on foreign imports a year from now, he added.

China's latest response on tariffs sends shock into the market