Wedbush analyst Dan Ives, who has been one of Wall Street’s biggest bulls on tech stocks, plus Tesla, called the weekend trade talks a positive step.
In a note on Sunday, Ives said he expects the Trump administration’s 145% tariff on imported China goods to “go to a much lower level with potentially a freeze on some of these China tariffs while more talks continue and a framework for a deal becomes clearer.”
The talks between senior administration officials and senior Chinese negotiators concluded on Sunday with Treasury Secretary Scott Bessent noting “substantial” progress. The Trump administration is planning a briefing on Monday.