S&P 500 at session highs as Trump sounds upbeat on China again- MarketWatch

President Donald Trump on Friday afternoon offered additional conciliatory comments about China after analysts said the market’s gains on Friday morning had come in part from his remark that an additional 100% tariff on Chinese products would not be sustainable. The S&P 500 rose to fresh session highs as Trump spoke. “As of Nov. 1, I could move it up if I wanted — a 100% tariff over and above what we get now — so that would make it about 157%, and China doesn't want that, and they want to talk, and we're talking, and I think we'll make a deal that will be good for both,” Trump told reporters at the White House while answering questions during a meeting with Ukrainian President Volodymyr Zelensky. Treasury Secretary Scott Bessent told reporters that he thinks "things have de-escalated" and that he would be speaking to his Chinese counterpart late Friday, then meeting with him in Malaysia in about a week.