A statement by Donald Trump was enough to disable the tension with the Chinato bring euphoria to Wall Street.
All three key indicators of Wall Street noted for 2nd consecutive day strong profits in the wake of Donald Trump’s statements That he is willing to follow a less conflicting approach to trade talks with China, noting that today’s duty 145% to Chinese imports is “very high and will not be so high … No, it will not be so high. Will be significantly reduced. But it won’t be zero. “
The US president’s markets and statement that he did not intend to remove US Federal Bank President Jerome Powell from his position favorably welcomed.
In this context the industrial index, Dow Jonesrose 1.0%.
THE S&P 500 reinforced by 1.6% and the Nasdaq won 2.5%.
At the same time, the euro -dollar exchange rate has fallen to 1,1327, while yields of US government bonds are at 4,384%. In other words, despite the slight recovery of the shares, the dollar continues to be at low levels compared to those before the announcement of duties (had reached the doorstep of 1 to 1), but also the yields of the bonds were far from 3.9%.
Finance Minister Scott Bessed also said on Wednesday (23.04.2025) that the US and China have the opportunity to make a “big deal” for trade. “If they want to restore the balance, let them do it together,” Bessed said.
The Wall Street Journal also said Wednesday, citing a White House official, that the government is considering reducing China’s duties to 50% to 65%. A White House official later told CNBC that such a move should be bilateral, however, with China also reducing trade barriers.