Investing

China tariff tweaks signal Trump wants to halt stock drop

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CNBC’s Jim Cramer said on Tuesday that the Trump administration’s decision to remove some items from its new China tariffs list signals the president wants to halt the stock market’s decline.

“I think this is the president saying, ‘I don’t want the stock market to go down any more,'” said Cramer, as the Dow Jones Industrial Average rocketed from a down opening to a more than 400-point, nearly 2%, gain. After declines on Friday and Monday, the Dow had been down nearly 5% from July’s all-time highs before Tuesday’s trading.

Shortly after the open on Wall Street, U.S. trade officials announced the removal of certain items, including smartphones, from President Donald Trump‘s upcoming 10%…



Source cnbc.com

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