Wall Street Cheers as US & China Slash Tariffs: Is the Trade War Nightmare Over?

US-China Tariff Deal Boosts Market: Dow surges 1160 points after tariff reduction agreement. Tech stocks soar, but concerns about long-term economic impact remain.

1. The temporary tariff cuts are portrayed as a positive development ("cooling off"), but the base level tariffs remain substantially higher than pre-Trump levels, suggesting potential long-term economic damage still exists.
2. The article highlights the stock market's positive reaction to the tariff cuts, implying that market sentiment is driving policy more than fundamental economic analysis.
3. The mention of Elon Musk as a White House advisor suggests a blurring of lines between private enterprise and government policy, which may be a point of concern.
4. The article frames the events as a reversal of Trump-era policies, even using the term "Liberation Day," suggesting a political narrative influencing the economic analysis.
5. The focus on short-term gains (90-day agreement, stock market surge) overshadows the potential for long-term economic consequences and the continued existence of tariffs.