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US stocks markets open higher on Tuesday despite Trump tariffs

2019-05-14 02:28 pm | Resource: News | No Views : 32

 US stocks markets open higher on Tuesday  despite Trump tariffs

Markets in the United States opened gains on Tuesday after President Donald Trump on Twitter described his tariff policy against China. He said the metal tariff helped the defense and automobile industries and put the country in a "superb position" against China.

Trump also announced that the trade war would be completed "when the time comes" and "much faster than people think." Earlier, he disclosed that he would meet with Chinese President Xi Jinping at the G20 summit in Japan in June.

Trump: We will deal with China when the time comes

US President Donald Trump went to Twitter on Tuesday to comment on the ongoing trade dispute with Beijing. In a tweet, the US president said there would be a "much faster" trade deal than expected despite the introduction of additional tariffs from both countries.

"When the time comes, we will reach an agreement with China ... My respect and friendship with President Chi is unlimited, but as I have said to him many times before, it must be very much for the United States or not. Which we lost to China on trade since the formation of one ridiculous side of the World Trade Organization. "It will all happen, much faster than people think!" He wrote.

Trump: China will cut interest rates, and the Fed should follow

US President Donald Trump has once again commented on the escalating trade dispute with China, saying that Beijing will probably cut interest rates, adding that if the Fed acted in the same way, the United States would "win."

"China will inject funds into its system and may lower interest rates, as always, to compensate for the business it will lose, and lose it." If the Fed "matches," it will be a game. Deal! "The President tweeted.

A previous report said differences between the two sides made it unlikely that Beijing and Washington would be able to reach an agreement before the end of the year. Earlier, Trump said he expected the current US-China trade talks to be successful. He is also expected to meet his Chinese counterpart Xi Jinping in June at the G20 summit in Japan.

However, a management official quoted in a report said Washington is not even close to a business deal with China.

US Stocks Open
 
  • The Dow Jones Industrial Average rose 0.42%, or 105 points, with Disney, Caterpillar and Cisco as the best performers.
  • The Nasdaq 100 jumped 0.65%, led by NXP Semiconductors, by 3.02%.
  • The Standard & Poor's 500 Index gained 0.46%, with Arista Networks gaining 2.34%, more than any other component. 


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