Amazon Stock Rallies Past Key Level On Hopes For Trump Easing China Tariffs
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Amazon stock jumped in heavy volume in early trading as U.S. stocks rallied on comments from President Donald Trump that indicated the trade war with China could ease. Trump told reporters late Tuesday that China tariffs will "come down substantially but won't be zero." Trump also said he wouldn't play "hardball" with China and that he had "no intention" of firing Fed chief Jerome Powell, a concern that had weighed on stocks in recent trading days.
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