Wall Street's Ives Sees China Tariffs Heading Lower After Talks
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.