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You Can’t Out-Trade Tariffs as Stocks Move In Tandem
  • April 23, 2025

You Can’t Out-Trade Tariffs as Stocks Move In Tandem

(Bloomberg) -- Traders have long known Donald Trump intended to use tariffs as a tool for economic policy. Citigroup Inc., a year ago, even offered up a handy framework for trading potential levies on China.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease Sout

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Wall Street rallies as worries about tariff war, Powell tenure subside
  • April 23, 2025

Wall Street rallies as worries about tariff war, Powell tenure subside

The prospect of negotiations between Washington and Beijing, currently locked in an escalating tit-for-tat tariff war, helped lift sentiment after a Wall Street Journal report cited a senior White House official as saying that U.S. tariffs on China were likely to come down to between roughly 50% and 60%. The three main indexes were already in recovery mode after Trump said late on Tuesday he had "no intention" of firing Powell, walking back last week's market rattling comment that the Fed chair's termination could not come "fast enough" that had drawn heavy criticism.

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US stocks rally as Trump signals thaw in trade war, Tesla shares soar
  • April 23, 2025

US stocks rally as Trump signals thaw in trade war, Tesla shares soar

U.S. stocks rallied in early trading on Wednesday, one day after President Donald Trump said tariffs on China would “come down substantially.” Trump also appeared to soften previous attacks on the Federal Reserve, saying late Tuesday he has "no intention" of firing top central banker Jerome Powell. In public remarks on Wednesday, Treasury Secretary Scott Bessent said the U.S. is willing to negotiate with China, which sent markets higher.

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