US stocks rose sharply as international trade partners pushed for talks with former President Donald Trump over proposed tariffs.
NEW YORK POST
US stocks surged on Monday as global trading partners rushed to open negotiations with former President Donald Trump over his proposed tariff plans. The market rally came amid hopes that renewed diplomacy could ease fears of a trade war.
The Dow Jones Industrial Average climbed over 300 points in early trading, while the S&P 500 and Nasdaq also posted gains. Analysts say investors are reacting to signs that global leaders are eager to avoid escalation.
“Markets like certainty, and any sign of dialogue is welcome,” said one Wall Street analyst.
Trump, who has floated broad tariffs on foreign goods, has faced swift responses from allies and trading partners. Over the weekend, several nations expressed readiness to discuss new terms in hopes of avoiding punitive duties.