I think we knew a stock surge would be coming with the news that the U.S. and China had a big breakthrough in a trade deal that lowered tariffs for the next 90 days and set up continuing talks to work on long-lasting, positive changes to the trade relationship.
Fox Business' Stuart Varney called it a "tsunami" of positive news driving the market. "Where do you start?" Varney said. "Very few were expecting tariff cuts as big, and investors "love it."
🚨 “TSUNAMI OF POSITIVE NEWS” — Fox Business host Stuart Varney starts this hour as Dow surges 1,000 points: “Where do you start? We have a tsunami of positive news which investors just can’t get enough of…” pic.twitter.com/225mB5oSEH
— TV News Now (@TVNewsNow) May 12, 2025
Wall Street is on track for a banner day after the US and China put tariffs on pause for 90 days, as the scope of the tariff reductions surprised investors. The US is dropping its duties on most Chinese imports from 145% to 30%, while China is lowering its 125% tariff on US goods to 10%.
At 4:00 p.m. ET (20:00 GMT), the Dow Jones Industrial Average had gained 1160 points, or 2.8 percent, the S&P 500 index had climbed 3.3 percent, and the NASDAQ Composite had risen 4.4 percent.
The DOW is now higher than on "Liberation Day" in April. Here it is 4:10 ET.
— Nickarama (@nickaramaOG) May 12, 2025
READ MORE: 'Major Breakthrough': Here Are the Details on the China Trade Deal
Holy Smokes: Bessent Explains How Biden Sold Us Down River Over Prior Trade Agreement With China
Remember when the media was freaking out in April and preaching fear to people about their 401k accounts?
While the business websites are covering the surge, you don't hear that much from those who were preaching the freakout in April.
Oh, and a special message to Minnesota Gov. Tim Walz, who cheered on Tesla stock dropping in March because he was obsessed with Elon Musk. Has Tim checked the Tesla numbers?
With 3,220,956,211 outstanding shares (as of April 16, 2025), Tesla stock needed to cross $310.56 to hit a $1 trillion market cap.
— Teslaconomics (@Teslaconomics) May 12, 2025
Today it did.
MASSIVE CONGRATULATIONS TO EVERY $TSLA INVESTOR WHO BELIEVED, HELD STRONG, TOOK ADVANTAGE, AND STAYED PATIENT!
👏 pic.twitter.com/pGDKdiSVd6
By the way, there's also $16.5 billion in extra money from tariffs last month. Trump's approval and right direction polling numbers are up.
HUGE NEWS: STOCK MARKET UP, US GAINS $16.5B EXTRA MONEY THROUGH TARIFFS, PRESIDENT TRUMP UP 6 POINTS IN APPROVAL
— Real America's Voice (RAV) (@RealAmVoice) May 12, 2025
Just how will the left spin these FACTS coming out today?@stevegrubershow @AllenWest pic.twitter.com/um8AliYjVd
READ MORE: Dems Won't Like This: Latest Poll About Direction of Country Hits Astonishing Number
Democrats will say anything they can at this point against Trump because they are empty of ideas of their own. But if this continues, if Trump is able to pull off more trade deals, the Democrats are going to have a tough time figuring out what to run on in 2026, even in a midterm election where the party out of power would usually have an advantage.
No one believes the "Trump is Hitler" nonsense, and being advocates for illegal aliens isn't working for them either. They're going to have a tough time.
Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.
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