Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.

Tariffs are coming down, and the market is getting excited. Since the U.S. and China announced a tariff deal, the S&P 500 (SNPINDEX: ^GSPC) is up 5%, bringing it back into a year-to-date gain. U.S. companies are also still cautioning about how tariffs could affect their businesses.

Big Technology’s Alex Kantrowitz, joins 'Closing Bell' to discuss how Trump's tariff announcements impact Apple, if Apple's stock is expensive, and much more.

Trump avoids repeating Herbert Hoover’s Smoot-Hawley tariff mistake, which led to companies slashing dividend payouts.

“The White House announcement that it has reached an agreement with China that will drastically curtail tariffs on each nation’s goods is a positive step as the two countries work to reach a long-term, mutually beneficial trade pact," says National Association of Home Builders Chairman Buddy Hughes.

Over the last couple of months, President Trump's turbulent tariff agenda has resurrected fears of this rare and toxic scenario in which prices rise as the economy slows and the labor market suffers.

BJ’s maintained its guidance while the broader retail sector is wrestling with the fallout from the Trump administration’s sweeping wave of tariffs.

Asian stocks rose early Friday as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt. The yield of the 10-year Treasury shed 0.6% to 4.52% while the two-year yield,