Stocks are rallying on hopes of a US-China trade deal after Trump received a 'beautiful letter' from China's president
Business Insider -

Asian and European stocks rallied on Friday after Trump received a "beautiful letter" from China's leader and called for cooperation on a trade deal.

The Trump administration hiked tariffs from 10% to 25% on $200 billion of Chinese goods.

Trump's decision to go "all in" has raised the stakes, the likelihood of retaliation from China, and the risk of talks breaking down, said one analyst.

Asian and European stocks rallied on Friday after US President Donald Trump received a "beautiful letter"...

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