The Trump administration has announced a tremendous trade deal with China. Global stocks are starting to skyrocket here in the U.S.

It's looking like the markets are going to jump about 3% over 1,000 points. So massive news for people's retirement accounts, 401Ks.

All across the board, great news. Now, China is going to keep a 10% tariff on the United States, but the U.S. will keep a 30%

tariff on China. Trump says this is going to help bolster American manufacturing and compete

with the cheap labor that China has. Essentially, a minor victory. But liberals are arguing Trump won

nothing. All he did was make a huge mess and then backtrack when realized

it wasn't working. Well, Scout Besant says that when Joe Biden came into office, what they found

was that China simply stopped adhering to their obligations in these trade deals because they knew

he would do nothing about it. So there's a couple ways we can look at the story.

Donald Trump slamming his fists in the table, threatening China with a trade war, forcing them to back down, get back in a shape, and adhere to the obligations they already had.

Or look at it this way. Trump just scored a 30% terrifying China to help bolster American manufacturing without completely wiping out the businesses that are reliant on Chinese manufacturing.

Let's jump into the story. I'll show you the details that we do have in the statement from the president.

We do have this from CNN. Take a look. Pre-markets as of right now, the market is open, but of course, CNN has it updated pre-market.

We're looking at 2.5% for the Dow is up. S&P is up 3%. Nasdaq futures 3.85. So all across

the board, really good news. The New York Times says global stocks jump after U.S. and China cut

tariffs. A temporary reduction in

punishing tariffs agreed. Agreed after a weekend talks between America and Chinese officials

signaled a de-escalation in the trade war between the world's two largest economies. And we can

see a major rebound. Very good news. They say futures for the S&P 500 suggested that U.S. stocks would open 3% higher

when trading begins in New York on Monday morning, which would be the best day for the index since April 9th,

when a huge rally was spurred by Mr. Trump pausing his reciprocal tariffs on all countries except China.

Futures for the tech-heavy NASDAQ climbed about 4%. And they're going to mention a bit more.

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