Bessent says China tariffs not sustainable as US willing to de-escalate

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Bessent says China tariffs not sustainable as US willing to de-escalate - Business Standard

Quick Summary:

The move would exempt car parts from the tariffs Trump is imposing on China over fentanyl and also from tariffs on steel and aluminum, the report said.

The benchmark S&P 500 finished the day 1.67 per cent higher at 5,375.86, but is still more than 12 per cent below its February record close."It's about all of the political and policy uncertainty and what it could mean for the economy in the near term," said Jim Baird of Plante Moran Financial Advisors.

The apparent US softening on China tariffs was a welcome sign for markets battered by Trump's erratic trade policies.