Trump made several comments on Wednesday after the announcement of a pause in his reciprocal tariff to the majority of the U.S. trading partners, except China.
Yesterday, the S&P 500 soared 9.52% to finish at 5,456.90, marking its most substantial single-day increase since 2008 and the third-largest since the post-WWII era. The Dow Jones Industrial Average catapulted by 2,962.86 points or 7.87%, closing at 40,608.45, echoing its most significant percentage rise since March 2020. The Nasdaq Composite also made headlines by leaping 12.16% to 17,124.97, recording its largest one-day gain since January 2001 and its second-best day on record.
“Having a good day in the stock market; record day on stock market should continue,” commented the U.S. President Donald Trump at his Oval Office later in the day. “(I) was watching bond markets; bond market now is beautiful.”
The president noted that he will take a look at exempting some US companies as time goes by, saying that he was using instinct on such decisions and flexibility is required.
As for China, Trump believed that they could make a deal, just that Beijing does not know how to approach. The U.S. president praised China’s President Xi Jinping, saying that he is a proud man and his country is in the process of figuring it out.
Trump later added that he will get in touch with Xi, whether it be by phone or a face-to-face meeting. “It’s not a negotiation until it is,” said the president.
