Trump rolls back some tariffs, triggers historic market rally

Trump rolls back some tariffs, triggers historic market rally

Workers work on a production line manufacturing smart automotive central control navigation products at a factory of Beidou Intelligent Connected Vehicle Technology Co. (BICV) in the High Tech Industrial Development Zone in Suqian, Jiangsu Province, China April 9, 2025. China Daily via REUTERS

In a stunning reversal, U.S. President Donald Trump said on Wednesday he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending U.S. stocks rocketing higher.

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