US President Trump stated at the White House on the 22nd that the high tariffs imposed on China would "significantly decrease", although he emphasized they would not drop to zero, his attitude has significantly softened.
His sudden statement was a response to Treasury Secretary Bezos's earlier comments that high tariffs on China were "unsustainable". Bezos revealed in an interview that "negotiations with China will be very difficult, and both sides believe the current situation is unsustainable", a comment that quickly became a headline in European and American media, indicating the market's high attention to the potential cooling of the US-China trade war.
Trump Indicates No Immediate Dismissal of Powell
Besides the cooling trend of the US-China trade war, Trump has recently focused on criticizing Federal Reserve Chairman Powell for not lowering interest rates, causing market concerns about the Fed's independence. On the same day (22nd), Trump also changed his stance, saying he has no intention of dismissing Powell, only "hoping the pace of rate cuts will accelerate".
According to CNBC and Bloomberg reports, analysts generally believe that if Trump forcibly replaces Powell, it would not only damage the central bank's credibility but could also trigger a financial crisis of public unrest. The Federal Reserve has maintained interest rates unchanged this year, being cautious about trade war risks and inflation.
Economic scholars estimate that once a breakthrough is made in trade tariff issues, timely monetary policy relaxation will complement this, significantly boosting market confidence.
US Tech Seven Giants Rise Together, Market Sentiment Clearly Warming
Under these double positive factors, US stocks quickly rose on the 22nd:
- Dow Jones Industrial Average surged 1,016.57 points or 2.66%, closing at 39,186.98 points
- S&P 500 Index rose 129.56 points or 2.51%, closing at 5,287.76 points
- Nasdaq Index, dominated by tech stocks, rose 429.62 points or 2.71%, closing at 16,300.42 points
- Philadelphia Semiconductor Index lifted 80.14 points or 2.14%, closing at 3,832.05 points
The seven major US tech giants also closed with overall gains, with Tesla (TSLA) rising 4.60% to $237.97, performing best, while Amazon (AMZN), Apple (AAPL), and Meta all gained over 3%.
Bitcoin Knocking on $94,000, Mainstream Cryptocurrencies Surging
With the global financial atmosphere improving, Bitcoin, which had already rebounded yesterday, performed even stronger, briefly approaching $94,000 this morning, currently at $93,254, with a 24-hour gain of 6.31%.
Other mainstream cryptocurrencies also performed well in the past 24 hours:
- ETH: $1,754.25, up 11.95%
- XRP: $2.21, up 6.36%
- BNB: $615.67, up 2.80%
- Solana (SOL): $148.27, up 8.22%
Overall, Trump's latest stance on tariffs and monetary policy has sparked widespread response globally. If US-China trade de-escalates and global liquidity increases, it could stimulate global economic performance this quarter, injecting momentum into Asian stocks, European stocks, and emerging markets.
However, trade discussions still have variables, and the US dollar, inflation, and US bond trends need close monitoring. Overall assessment suggests short-term market may rebound, but medium to long-term trends depend on the global macroeconomic and political-economic risk digestion process.
