📅 April 23, 2025, US stock markets surged on Wednesday 📊 after a Wall Street Journal report revealed the White House is considering major cuts to tariffs on Chinese imports 🇨🇳. The move aims to cool long-standing trade tensions with Beijing and brought relief across global markets.

According to the report, tariffs—currently as high as 145%—may be reduced by 50% to 65% 📉. This potential easing of trade barriers triggered a powerful rally across Wall Street.

💹 Market Snapshot

• S&P 500 jumped 3.4% to 5,465 🟢, with all eleven sectors in the green ✅
• Dow Jones Industrial Average soared nearly 1,200 points (📈 +3%) to top 40,300
• Nasdaq Composite gained 4.3%, inching closer to 17,000

📊 Key Gainers

• 🚗 Tesla Inc. surged 7% after CEO Elon Musk announced he would step back from government duties to focus more on Tesla’s growth.
• Semiconductor stocks fired up:
  • 🖥️ Super Micro Computer Inc. 🚀 +12%
  • 📶 Intel Corp 🔼 +7%
• 📦 Amazon.com climbed 8% as tech stocks led the charge.

President Donald Trump added fuel to the rally, signaling a softer approach to China trade talks. Speaking Tuesday, he said the current 145% tariff is “very high,” and confirmed it would come down “substantially” but not to zero.

💬 “No, it won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero,” Trump told CNBC International.

Meanwhile, US Treasury Secretary Scott Bessent said there’s an “opportunity for a big deal” 📝 between Washington and Beijing.

💵 Broader Market Impact

• 📉 10-year US Treasury yields fell 15 basis points to 4.23%, signaling reduced investor anxiety.
• As confidence returned, gold—the traditional safe haven—dropped 3.6% to $3,260/oz 🪙.

🔮 What’s Next?

Investors are cheering the prospect of a US-China tariff truce, which could ease inflation concerns and reignite confidence in the global economy 🌎. As trade tensions thaw, Wall Street is responding with bullish momentum across sectors.