Trump's tolerance for market pain

This is a China news story, published by CNBC, that relates primarily to Dimon news.

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CNBC

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Business

Business & Economics

Trump’s pivot on tariffs shows that Wall Street still has a seat at his table

Summary

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78% Informative

As stocks plunged and even the safe haven of U.S. Treasurys began selling off, investors, executives and analysts began to fret that a core assumption about the Trump presidency may no longer apply.

Time after time, he and his deputies denied that the administration would back off from the highest American tariff regime in a century .

So it came as a huge relief to investors when, minutes after 1 p.m. ET , Trump relented by rolling back the highest tariffs on most countries except China , sparking the biggest one-day stock rally for the S&P 500 since the depths of the 2008 financial crisis.

Investors will next focus on JPMorgan , which kicks off the first-quarter earnings season on Friday .

They will likely press Dimon and other CEOs about the health of the economy and how consumers and businesses are faring during tariff negotiations.

The day after Trump 's announcement and the historic rally, markets continued to decline.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language