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Fortune

Irina Ivanova

Stock markets are rewarding Trump's new tariff threats with the S&P hovering near its record high

Stock Market Donald Trump

(Credit: Michael Nagle/Bloomberg via Getty Images)

Another tariff threat, another strong day for U.S. stocks, which swung from a loss to a gain on Monday, with the S&P 500 near its all-time high.

President Donald Trump is taking recent stock-market highs as a sign investors approve of his threats to slap tariffs on trading partners—and so far, the markets are proving him right.

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