U.S. stocks surge as Treasury Secretary Scott Bessent hints at de-escalation of tariffs on China

U.S. stocks surged as Treasury Secretary Scott Bessent hinted at a possible de-escalation of 145% tariffs on China, with markets responding positively amid growing optimism about trade deals.

Sources:

+10

Updated 6h ago

The Headline

Market Response to De-escalation Talks

'The current status quo of 145 percent tariffs on China is unsustainable.'

Scott Bessent

U.S. Treasury Secretary

'145 percent is very high and it won’t be that high... It’ll come down substantially. But it won’t be zero.'

Donald Trump

U.S. President

Bitcoin price after increase

$65,432

Percentage increase in Bitcoin price

2.5%

Points gained by Dow Jones

1,016.57 points

Points gained by S&P 500

129.56 points

Points gained by Nasdaq Composite

429.52 points

Key Facts

U.S. stocks immediately reacted to the sentiment shift, with the S&P 500 gaining 2.5% and the Nasdaq Composite rising 2.71% as traders turned optimistic about trade deals.
Bitcoin's price surged to $65,432, showing strong market optimism as trading volumes escalated significantly.

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Future Outlook

Expectations for Future Trade Negotiations

'There is an opportunity for a big deal here' between the world’s two biggest economies.

Scott Bessent

U.S. Treasury Secretary

Projected U.S. economic growth in 2025

1.8%

Projected global growth in 2025

2.8%

Key Facts

Bessent's optimistic view of a potential trade deal indicates a critical shift in momentum towards deescalation of tariffs, which could invigorate market growth.

Background Context

Historical tariffs and their impact on US-China relations

Tariff imposed on goods from China

145%

Key Facts

U.S. tariffs on China have reached an unprecedented 145%, impacting bilateral relations and economic forecasts.
The International Monetary Fund warned of slow global growth linked to the current tariff rates, projecting growth to be just 2.8% in 2025.

U.S. stocks surge as Treasury Secretary Scott Bessent hints at de-escalation of tariffs on China

Market Response to De-escalation Talks

Related Videos

Expectations for Future Trade Negotiations

Historical tariffs and their impact on US-China relations

Other Facts in these Reports

Source Citations