Another day, another wild trading session, with all three major stock indexes jumping more than 1.50% on Friday. The strong close to a whiplash-inducing week comes after a few more twists in the ongoing U.S.-China tariff battle, with White House Press Secretary Karoline Leavitt saying the Trump Administration was “open to talks” with China on trade deals.
Leavitt’s comment came hours after China increased its tariff on American goods to 125% on Friday — a move that followed President Trump raising the tariff on Chinese imports from 104% to 125% to 145% this week.
“We are doing really well on our TARIFF POLICY,” the president posted soon after the markets opened on Friday.