Explain the market rebound after Trump softened his tone on China tariffs
Asked 11 hours ago
Answer
Markets rebounded after President Trump softened his stance on imposing 100 percent tariffs on Chinese goods, following an earlier market drop caused by his tariff threats. His reassurances and renewed talks with China led to a sharp recovery, though analysts expect continued volatility as negotiations continue.
Now Playing
China is learning to live without us, says Jim Cramer
CNBC · Recent
CNBC
Recent
- The US president threatened 100 percent tariffs on Chinese goods after China restricted rare earth mineral supplies. 22s
- The president later reassured that US-China relations were fine, causing a market rebound. 28s
- China's exports to destinations other than the US grew nearly 15 percent, while exports to the US fell 27 percent. 1m 21s
- Despite the drop in US-bound exports, China's total exports rose 8 percent, the highest of the year. 1m 29s
- Cramer suggests these trends indicate China is learning to live without US trade. 1m 32s
