US Treasury chief Bessent says 'substantial' trade framework with China reached

💡 DMK Insight

Negotiations easing tariff tensions could shift market sentiment significantly. With Secretary Scott Bessent’s comments, traders should consider how this impacts sectors sensitive to tariffs, like manufacturing and agriculture. If the 100% additional tariffs are indeed off the table, it could lead to a bullish sentiment in these sectors, potentially driving up stock prices and improving investor confidence. Keep an eye on related ETFs and stocks that could benefit from this news. However, it’s worth questioning the durability of these negotiations. If the talks falter, we could see a quick reversal in market sentiment. Watch for any updates or statements from the White House that could signal a change in direction. For now, focus on key levels in affected stocks and sectors, particularly those that have been under pressure due to tariff fears. A break above recent resistance levels could indicate a strong bullish trend.