Stock market skyrockets as White House hypes promising trade deals

The is rallying as the talks up the potential for trade deals with over 100 countries that could settle escalating tariff wars.

The Industrial Average was up 2 percent Tuesday afternoon, about the same about as the broader S&P 500, after Treasury Secretary Scott Bessent told investors about the potential to lower the temperature with .

'No one thinks the current status quo is sustainable,' he said. President Trump slapped tariffs totaling 145 percent on the world's Number Two economic power, and China has hit back with a 125% tariff on U.S. products.

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