Indices such as the US100 and other contracts on major US indices are rebounding after a series of relatively mild and optimistic comments from the former president – he emphasized, among other things, that “a 100% tariff is not a long-term solution,” and that negotiations with China must aim for a “fair agreement.” In addition, Trump announced a meeting with President Xi within the next two weeks, which the market interprets as potential for further de-escalation of trade tensions.
Source: xStation