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Trump hinted that the tariff increase may end: "I don’t want the tariffs to continue to rise."
On April 18, U.S. President Donald Trump stated on Thursday local time that the tit-for-tat tariff increases between the United States and China may soon come to an end. When discussing tariffs at the White House, Trump said, “I don’t want tariffs to continue to rise because at a certain point, people just won’t buy.” It may be influenced by this, as yesterday international oil prices saw a big pump of nearly 3%, and copper also showed a significant rebound. This morning, the reaction in the Asia-Pacific stock market was also relatively positive, with the Japanese, South Korean, and Australian stock markets all experiencing good rises. (Wall Street Insights)