01:47 PM EDT, 04/08/2025 (MT Newswires) -- Stocks staged a reversal after a White House official said Tuesday afternoon the US is moving forward with tariffs on China totaling as much as 104%, Bloomberg reported.

The S&P 500 went from positive to negative around 1:30 p.m. ET following the report. The index moved up 0.7% at around 1:45 p.m. ET.

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