Wall Street Higher After Latest Tariff Moves

U.S. stocks rose on Tuesday, led by gains in Apple and Amazon. This as investors judged the latest tit-for-tat tariffs between the United States and China as less damaging than expected.

The Trump administration’s selection of a lower 10 percent tariff and exclusion of Apple from the list of new tariffs convinced market players that it was going easy. China’s retaliation only included $60 billion worth of U.S. goods and reduced the level of tariffs it would collect.