Stocks rebound as US Treasury Secretary says China trade war is unsustainable

Stocks and Investing Stocks and Investing

Wed, April 23, 2025

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Stocks rebound as US Treasury Secretary says China trade war is unsustainable

^{Published on 2025-04-22 19:21:01 - CNN}

Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a boost to a Wall Street rally that had taken shape this morning.

Stocks rebounded on October 17, 2023, following comments from U.S. Treasury Secretary Janet Yellen, who described the ongoing trade war with China as "unsustainable." Yellen's remarks, made during a speech at the U.S.-China Business Council's 50th anniversary dinner, suggested a potential easing of tensions between the world's two largest economies. Her comments boosted investor confidence, leading to gains in major stock indices. The Dow Jones Industrial Average rose by 1.5%, the S&P 500 increased by 1.7%, and the Nasdaq Composite climbed by 2.1%. Yellen emphasized the need for a more stable and constructive economic relationship with China, hinting at possible future negotiations to resolve trade disputes.

Read the Full CNN Article at:
[ https://www.msn.com/en-us/money/markets/stocks-rebound-as-us-treasury-secretary-says-china-trade-war-is-unsustainable/ar-AA1DoqY3 ]

N@N

Stocks rebound as US Treasury Secretary says China trade war is unsustainable