US actions recovered in the first operations on Wednesday, one day after President Donald Trump said that tariffs on China “fell substantially.”
Trump also seemed to soften the previous attacks against the Federal Reserve, saying that on Tuesday night “he has no intention of saying goodbye to the maximum central banker Jerome Powell.
The industrial average Dow Jones rose 625 points, or 1.6%, while the S& P 500 rose 2.5%. The nasdaq heavy technological increased 3.4%.
Tesla’s electric car manufacturer increased 6.5% in the first negotiation since CEO Elon Musk said his time spent to the Government’s efficiency department “would significantly fall” next month, racing the way for his return to the company.
Musk described his work in Dege as necessary, but said that “working so that the government obtains the financial house in order is mainly done.”
President Donald Trump offers comments during the swear ceremony for the president of the Securities and Securities Commission, Paul Atkins, at the Oval Office of the White House on April 22, 2025 in Washington, DC.
Saul Loeb/AFP through Getty Images
Earlier this month, Trump rose tariffs to Chinese products to a total of 145%, which led China to respond with 125% of taxes in American products.
Tit-for Tat’s measures intensified a commercial war between the two largest economies in the world, but the White House this week seemed to indicate a desire to relieve tensions.
According to reports, Treasury secretary, Scott Besent, told a group of investors on Tuesday that “in the very close future, there will be a decalcalación” of the commercial war with China. Bloomberg News first reported the comments.
Besent’s comments, which arrived at a private event by JPMorgan, sent the actions to climb on Tuesday afternoon. Trump echoed the feeling hours later.
“145% is very high and will not be so high,” Trump told White House journalists on Tuesday night. “It will not be anywhere so high. It will be substantially reduced. But it will not be zero.”
This is a development story. Consult the updates again.
