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Trump to make U.S.-China trade announcement after market close

President Trump looks into the distance.
Photo: Chip Somodevilla/Getty Images

President Trump said Monday that he will make an announcement about U.S.-China trade talks after the stock market closes at 4 p.m.

Why it matters: It's widely expected that the White House will announce a new round of tariffs on Chinese goods. Importantly, the U.S. decided to remove a category from the tariffs list that would have meant higher costs for products including Apple's Apple Watch and AirPods.