Barstool Sports founder Dave Portnoy expressed optimism about the stock market following news of progress in trade negotiations between the United States and China. The announcement came after a period of economic turbulence caused by tariffs imposed by President Donald Trump on several countries, including China, Canada, and Mexico. Chinese President Xi Jinping had previously warned that a trade war would result in ‘no winners.’ However, Treasury Secretary Scott Bessent reported ‘substantial progress’ in trade talks between the two nations. Portnoy, who reportedly lost $20 million due to the tariffs, took to social media to predict a positive shift in the market. He wrote, ‘Stock Market gonna be a movie tomorrow,’ accompanied by rocket emojis. Despite his earlier criticism of Trump’s tariff policies, Portnoy acknowledged the potential benefits of a successful trade deal. US Trade Representative Jamieson Greer emphasized that the deal aims to address the significant $1.2 million trade deficit with China.
— new from Daily Mail
