Stocks Surge as Trump Shifts China Rhetoric, Tariff Drops Announced

Stock markets experienced a surge on Wednesday following President Trump’s announcement of reduced tariffs on goods from China. The 145% tariff rate will be significantly lowered and the president expressed his intention to maintain a cooperative stance with Chinese President Xi Jinping. This move led to positive reactions from major stock indices, including the Dow Jones Industrial Average which climbed by 1.47%, the S&P 500 rising by 2.14%, and the Nasdaq gaining 3.09%. The market was relieved by this change in rhetoric after Trump’s previous aggressive stance against China had impacted investor confidence.