Wall Street Rebounds Sharply as Trump Softens Tariff Stance

[BLMFem]

6 minutes ago, Yagoda said:

Yep. We win, they lose.

If you describe what has happened lately as a win for the US then you're probably a lost cause.

 

For others who think trade is a zero-sum game but have not yet closed off the rabbit hole opening there's this:

 

Trump’s Tariffs: Zero-Sum Thinking in a Positive-Sum World

https://ahmorse.medium.com/trumps-tariffs-zero-sum-thinking-in-a-positive-sum-world-8a53718b28b5

[Yagoda]

6 minutes ago, BLMFem said:

If you describe what has happened lately as a win for the US then you're probably a lost cause.

 

For others who think trade is a zero-sum game but have not yet closed off the rabbit hole opening there's this:

 

Trump’s Tariffs: Zero-Sum Thinking in a Positive-Sum World

https://ahmorse.medium.com/trumps-tariffs-zero-sum-thinking-in-a-positive-sum-world-8a53718b28b5

I think for myself I dont need to be fed leftist talking points

[BLMFem]

4 minutes ago, Yagoda said:

I think for myself I dont need to be fed leftist talking points

Translation: "How dare you try to penetrate my echo chamber!"

 

PS. They're not "leftist talking points". From the article:

 

"The most basic idea in economics, dating back at least to Adam Smith, is that there are positive-sum gains from trade."

[John Drake]

He folded. He always folds. This entire blanket tariff fiasco is just a repeat on a larger scale of the failure Trump made with the tariffs/soybean deal with China in his first term. Although just like this time, he manipulated the market every time it dipped with "optimism" leaked to the press about a "soybeans deal" that pumped it up for about a year. Trump is grotesque in every part of his being. An 80 year old man trying to take the country and the world out with him.

[BLMFem]

That was the sound of the dead cat bounce

 

Anyway, the White House’s apparent openness to some tariff flexibility was enough to shift the mood — for a while, anyway — on Wall Street, which, after three straight trading days of losses, was ready to go bargain shopping. Stocks opened more than 3% higher Tuesday morning. The cat bounced. Then, to add to the animal metaphors, the bears roared back.

[newbee2022]

7 hours ago, Social Media said:

 

Wall Street Rebounds Sharply as Trump Softens Tariff Stance

 

U.S. stocks experienced a dramatic rebound after President Donald Trump unexpectedly announced a reversal on steep tariff hikes, choosing instead to implement a 10% universal import tax. The announcement sparked a surge across financial markets, marking one of the biggest rallies in recent years.

 

The decision comes just a day after new tariffs had taken effect, targeting key U.S. trade partners including Vietnam, which had been hit with a sharp 46% levy. These measures, unveiled by Trump the previous week, were broader and more severe than expected, triggering a steep selloff in equities and a wave of recession fears both domestically and abroad.

 

In a significant shift, the White House stated that higher tariffs would be paused for countries open to negotiation. However, Trump maintained a hard line on China, stating that tariffs on Chinese goods would rise “effective immediately” to at least 125%.

 

 

The market responded with enthusiasm. The S&P 500 soared 9.5%, notching its largest single-day gain since the 2008 financial crisis. The Dow Jones Industrial Average climbed more than 7.8%, while the Nasdaq surged over 12%. Companies heavily reliant on Asian manufacturing, such as Nike and Apple, saw notable gains of 11% and 15% respectively.

 

The market’s dramatic turnaround followed days of intense volatility. Prior to Trump’s pivot, fears of an economic downturn had spilled over into the bond market, with investors dumping U.S. government debt in anticipation of a prolonged trade war.

 

“Although President Donald Trump was able to resist the stock market sell-off, once the bond market began to weaken too, it was only a matter of time before he folded,” said Paul Ashworth, chief North America economist at Capital Economics.

 

Ashworth suggested that the president’s retreat reflects a return to his original campaign promise of a broad 10% tariff across the board, but warned that resolving tensions with China will be a lengthy process. “It is difficult to see either side backing down in the next few days,” he said. “But we suspect that talks will eventually happen, although a full rollback of all the additional tariffs applied since Inauguration Day appear unlikely.”

 

Despite the day’s bullish rally, major indexes remained below pre-tariff levels. The S&P 500 was still down about 3% from last week and over 8% year-to-date. Tariffs on Chinese goods continue to loom large over the economy, with China accounting for more than $400 billion in U.S. imports last year, including 60% of footwear and 36% of apparel, according to the American Apparel and Footwear Association.

 

Prior to the policy shift, the National Retail Federation had warned that shipping traffic through U.S. ports could fall 20% in May compared to the previous year.

 

Following his announcement, Trump expressed optimism about reaching a deal with China and floated the possibility of granting tariff exemptions to certain companies, an approach that contrasts with his previously hardline stance. “I saw last night where people were getting a little queasy,” Trump said, acknowledging market unease while reiterating his intent to maintain tariffs on sectors such as autos, steel, aluminium, and possibly pharmaceuticals and lumber.

 

Political pressure is believed to have played a role in Trump’s sudden change of course. Influential backers like Tesla’s Elon Musk, hedge fund billionaire Bill Ackman, and Barstool Sports founder Dave Portnoy had urged the president to reconsider his tariff strategy.

 

The about-face even surprised major financial institutions. Just before Trump’s announcement, Goldman Sachs released a report warning of a potential recession due to escalating tariffs. Mere hours later, the bank revised its outlook, still predicting minimal economic growth for the year and putting the chances of recession at 45%, despite the softened policy.

 

Ackman, who had previously called for a 90-day tariff moratorium, praised the president’s decision. “Thank you on behalf of all Americans,” he wrote on social media.

 

Based on a report by BBC  2025-04-10

 

 

I wonder how many millions the mad man grabbed to fill his pockets the last days buying/selling stocks?

And the Americans let him get away with it? It's their money! Their pension fund. 

But maybe he can't remember what he did the last days? 

I'm very much concerned when I listened to his speech with the Base Ball Team (forgot the name). Clear signs of dementia, same with Biden last year. I think America deserves a better president than an erratic dictator.

[John Drake]

One good thing to come out of the blanket tariffs fiasco: apparently, it has gotten rid of Elon Musk

[pacovl46]

First he runs his big mouth and when it doesn’t go his  way he backpedals. So spineless! 
 

 

[simple1]

3 hours ago, SunnyinBangrak said:

Were you so irate over the Pelosi's insider trading? No. No you were not. Why so triggered by the notion of insider trading with zero evidence now?  Does highlight the importance of single standards and integrity, neither of which are possessed by the hivemind.

Trust in Trump led me to take full advantage of the crash. Thank you Mr Trump, you never let us down.

 

Stock  trading is not unusual in Congress by all sides of politics, some caught out for insider trading. Why stock trading is not banned for members of Congress I do not know. Got the link that proves Pelosi was convicted for insider trading. Concerning trump and family they have been caught out a number of times for corrupt practises, usually settling out of Court or as you know pending prosecutions waived when he regained Presidency. Personally given his track record over the years I am convinced trump and Co have got away with many criminal / corrupt practices. trump's distain for the less well off tells me he never sorted his debts with the working class when he regained his wealth after his many bankruptcies. If you have a credible link proving otherwise happy to be disproved.

[jerrymahoney]

Headline this morning NY Times:

Trump’s Last-Minute U-Turn on Tariffs Left Advisers in the Dark

Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to suddenly reverse course on his steep tariffs.
_______________

Maybe Trump did not give those otherwise-in-the-know enough time for the insiders to buy on the bottom

[amexpat]

4 hours ago, SunnyinBangrak said:

Trust in Trump led me to take full advantage of the crash. Thank you Mr Trump, you never let us down.

Are you Russian or just a billionaire?

[steven100]

so I want to ask Mr Trump .... do I sell my stock in 89 days 

[rough diamond]

30 minutes ago, amexpat said:

Are you Russian or just a billionaire?

Probably both!

[candide]

4 hours ago, SunnyinBangrak said:

Were you so irate over the Pelosi's insider trading? No. No you were not. Why so triggered by the notion of insider trading with zero evidence now?  Does highlight the importance of single standards and integrity, neither of which are possessed by the hivemind.

Trust in Trump led me to take full advantage of the crash. Thank you Mr Trump, you never let us down.

Still making up stuff. Now it's about Pelosi...

[SunnyinBangrak]

2 minutes ago, candide said:

Still making up stuff. Now it's about Pelosi...

It's about hypocrisy, fake outrage and dishonesty. 

No argument Pelosi had knowledge of bills concerning big tech - they actively traded big tech shares - and their returns were consistently better than any fund manager. Not one forum liberal complained then, so don't start now. Or at least don't expect to be taken seriously.

[candide]

22 minutes ago, SunnyinBangrak said:

It's about hypocrisy, fake outrage and dishonesty. 

No argument Pelosi had knowledge of bills concerning big tech - they actively traded big tech shares - and their returns were consistently better than any fund manager. Not one forum liberal complained then, so don't start now. Or at least don't expect to be taken seriously.

That's ridiculous. Bills are publicly discussed in congress for months before being voted. There is nothing secret about them. You are just echoing lame MAGA propaganda. 

 

[rough diamond]

30 minutes ago, steven100 said:

so I want to ask Mr Trump .... do I sell my stock in 89 days 

Yes but plan to buy in 96 days and sell again in 101!

[rough diamond]

26 minutes ago, SunnyinBangrak said:

It's about hypocrisy, fake outrage and dishonesty. 

No argument Pelosi had knowledge of bills concerning big tech - they actively traded big tech shares - and their returns were consistently better than any fund manager. Not one forum liberal complained then, so don't start now. Or at least don't expect to be taken seriously.

And the links to those accusations is?

[jvs]

As long as Trump is in the White house no country in the world is going to trust the USA anymore.

Great job Donald!

[metisdead]

Flaming posts and replies have been removed. 

[Tug]

9 hours ago, CallumWK said:

UNstable genius running the US

More like a proven felon con man running the USA unbelievable if anyone else did this they would be put away.

[rough diamond]

30 minutes ago, jvs said:

As long as Trump is in the White house no country in the world is going to trust the USA anymore.

Great job Donald!

I think the mistrust will linger long after Trump has gone.

It takes minutes to loose trust but years to rebuild it.

[candide]

MAGAs always keep faith! 🤣

[Tug]

1 minute ago, candide said:

MAGAs always keep faith! 🤣

They aren’t good learners are they.

[Cryingdick]

8 hours ago, Digitalbanana said:

And never buy into a fake rally when uncertainty abounds, and trust is gone. Futures already down .

You buy the dips and sell the rallies in these conditions. This formula worked beautifully during the tweets last time. It is working for me now. I bought on Monday and sold yesterday before close. I also said I would buy on Monday before this all happened. 

[Cryingdick]

11 hours ago, steven100 said:

crooks and thief's comes to mind .....            

 

 

anyone who thinks this wasn't a plan for Trump & cronies to make billions is either very naive or just plain stupid. 

 

Trump announced openly that it was a great time to buy so it was public information. Many novices probably missed out because they didn't notice.

[steven100]

1 minute ago, Cryingdick said:

 

Trump announced openly that it was a great time to buy so it was public information. Many novices probably missed out because they didn't notice.

you lie same as Trump ....  go away

[Cryingdick]

50 minutes ago, steven100 said:

you lie same as Trump ....  go away

No, it was all over the business news that Trumps said it was a good time to buy. Before he announced the pauseThat is a fact.

 

I hate using links as they dont work but here it is proving what I said. NBC lost their sh!t over it.

 

https://www.nbcnews.com/business/markets/trump-tariff-pause-experts-question-timing-trump-social-media-posts-rcna200526

[rough diamond]

50 minutes ago, Cryingdick said:

 

Trump announced openly that it was a great time to buy so it was public information. Many novices probably missed out because they didn't notice.

Or knew it was now too late as he had already done the dirty deed!!

[rough diamond]

3 minutes ago, Cryingdick said:

No, it was all over the business news that Trumps said it was a good time to buy. Before he announced the pauseThat is a fact.

For once did he got his timing right?