On April 23, 2025, U.S. stock markets experienced significant gains following President Donald Trump’s announcement that tariffs on Chinese goods could “come down substantially” if a trade agreement is reached. This statement marked a shift from previous rhetoric and contributed to a positive market response.
The Dow Jones Industrial Average increased by 1%, the S&P 500 rose by 1.4%, and the Nasdaq Composite advanced by 2.3%.
Treasury Secretary Scott Bessent supported the President’s remarks, indicating that the current 145% tariff rate on Chinese imports is unsustainable and expressing optimism about reaching a new trade agreement.
In addition to trade discussions, President Trump confirmed that he has no intention of removing Federal Reserve Chair Jerome Powell, addressing concerns about the central bank’s leadership.
These developments contributed to a global market rally, with positive responses observed in European and Asian markets as well.
The combination of potential tariff reductions and reaffirmed support for the Federal Reserve’s leadership has been welcomed by investors, leading to increased market confidence.
