Tariffs will ‘come down substantially’

Actions increased on Wednesday as Trump softens his rhetoric against China, announcing that he would reduce the 145% rate on all goods.

Trump’s latest moderating statements have relieved merchants. On Wednesday, April 23, the industrial average of Dow Jones increased by 1.47% to 39,774. However, the index fell from the daily heights greater than 40,000 points. At the same time, the S&P 500 increased by 2.14%, negotiating at 5,400.74, while the NASDAQ focused on technology was up 3.09%, to 16,803.75.

Trump moderates rhetoric on China, Fed

The main stock indices reacted positively to Donald Trump’s latest comments on trade. More specifically, Trump said that historically high prices on China descend “substantially” “ of their current level of 145%. The president also said that he would be “very nice” for China and would not play Hardball with Chinese President Xi Jinping.

“It will drop considerably, but it will not be zero,” said Trump.

Trump’s moderating statements have also extended to the president of the Federal Reserve Jerome Powell. Trump on Tuesday said he had No intention to dismiss the president of the Fed, whose mandate will end in 2026. This brought some confidence in the US dollar, and the dollar index increased by 0.73% on Wednesday, reach 99.66recovering from his recent multi -year hollows.

The latest comments were part of a White House in progress to reassure the markets. Trump and his administration have said that business discussions with the main partners are going well. This is the key, because the offers are faced with the 90 -day imminent deadlineAt the time, the break on the highest rates would end.

However, Trump has not shown no indication to remove the basic rate of 10% on all countries, which is always a substantial increase compared to previous levels. At the same time, the White House continues to insist that the main business partners always use non-pricing obstacles to influence the balance of exchanges with the United States