Donald Trump backs down in global trade war

Quick Summary:

The climbdown from the US leader came after a week of turmoil in global markets, with trillions of dollars shed in equity prices around the world, a sharp sell-off in US bonds, and a plunge in oil prices to levels last seen during the coronavirus pandemic.

The massive rally in Wall Street stocks added about $3.2tn to the market value of the S&P 500 on Wednesday by 2pm in New York, according to Financial Times calculations based on FactSet data.

The move came after days of mixed messages from Trump administration officials over how durable the tariffs would be and whether the US was open to talks with its trading partners that could see them lowered.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: James Politi

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Wednesday Greer Trump’s Countries Trump Trade Cent Tariffs Pause Financial China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 18:05:56 (6 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 13 lines

Sentence Length: 57 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27760996

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions