President Trump and his allies around the world continue to win major victories that are pushing the global economy through the roof. With news of a finalized US/China Phase 1 trade deal and the Conservative Party’s UK victory, stocks have surged on Monday. There was an enormous 2.25% rise in the FTSE 100, which closed up 165.61 points at 7519.05. The Dow Jones also rose 170.40 points to 28,305.80 and the S&P 500 was up 28.37 points at 3,197.17. This led to President Trump celebrating all the “winning” on twitter

Phase 1 of the new trade deal will see the US roll back some tariffs on Chinese goods and China has committed to purchase at least $200billion of American goods over the next few of years. China has also pledged to beef up intellectual property enforcement, stop currency manipulation, give US financial service firms access to the Chinese market, and help stop the transfer of US technology to Chinese firms.

This first stage of the deal will boost the American economy overall and help American farmers specifically who have suffered during the trade war with China outlawing agricultural imports from the States. Experts expect Phase 2 to be harder to negotiate as it is believed to contain some very sensitive subjects for the Chinese government.