I’m all for a good rally, but it seems the market is pumping off media headlines that make it out as if a deal is around the corner.
“The Treasury chief told attendees that a comprehensive deal between the two countries could happen in two to three years”
“Negotiations with China over such a deal have not started yet, he said.”
Even if tariffs are reduced to 20–40% in the coming months, that still leaves years of elevated costs baked into the system.
These tariffs will continue to ripple through supply chains and inflate prices across the market, long before any meaningful deal is even on the table, let alone finalised.
https://finance.yahoo.com/news/bessent-sees-escalation-china-situation-155511836.htm