U.S.-China Tariff Easing Fuels Stock Surge—Boosting Bezos, Musk, and Zuckerberg'

U.S.-China Tariff Easing Fuels Stock Surge—Boosting Bezos, Musk, and Zuckerberg's Wealth by Over $30 Billion


The U.S. and China's trade war saw a significant de-escalation this weekend, with both countries agreeing to reduce their tariffs on each other's goods for at least 90 days. This news has sparked a global stock rally, particularly benefiting the most valuable American companies, such as Amazon, Apple, Nvidia, and Tesla, which have significant ties to China. This has led to substantial gains for their respective CEOs Jeff Bezos, Elon Musk, and Mark Zuckerberg. The Dow Jones Industrial Average, S&P 500, and Nasdaq have reached their highest intraday levels since April 2, March 5, and March 3, respectively. The agreement has been a "dream scenario" for the U.S. tech industry, according to Wedbush analyst Dan Ives. The tariff reduction has also caused gold prices to plummet and U.S. Treasury yields to spike as investors shift towards riskier assets in anticipation of improved market conditions. However, despite the recent rally, the S&P is still down 3% since President Donald Trump's January 2025 inauguration. Forbes report