Trump Signals Tariff Reduction on China; Affirms Support for Fed Chair Powell

President Donald Trump has announced that the United States will significantly reduce tariffs on Chinese imports, though they will not be eliminated entirely. In a statement on April 22, Trump indicated that the current 145% tariffs would "come down substantially," emphasizing that the final rate "won’t be zero".

This move suggests a shift towards easing trade tensions between the two nations. Trump expressed optimism about future relations with China, stating, "We’re going to live together very happily and ideally work together".

In addition to trade policy, President Trump addressed concerns regarding Federal Reserve Chair Jerome Powell. Despite previous criticisms, Trump clarified that he has "no intention of firing" Powell, reaffirming his position during a press briefing on April 22 . He acknowledged past disagreements over interest rate policies but emphasized the importance of maintaining stability within the Federal Reserve.

These announcements have had a positive impact on financial markets. Major indices, including the S&P 500 and Dow Jones Industrial Average, experienced gains following the news, reflecting investor confidence in the administration's commitment to economic stability.​

Market Snapshot:​

S&P 500 ETF (SPY): $527.25, up 2.56%

Dow Jones ETF (DIA): $391.87, up 2.67%

NASDAQ ETF (QQQ): $444.48, up 2.65%

Gold ETF (GLD): $311.11, down 1.42%

20+ Year Treasury ETF (TLT): $86.48, up 0.57%​

InfoFinance will continue to monitor developments in U.S.-China trade relations and Federal Reserve policies, providing timely updates and analyses.​