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Tuesday's market rally shows Wall Street wants Trump to embrace 'the art of the backpedal'


Published on 2025-04-22 16:21:01 - CNBC
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  • Stocks jumped on Tuesday, boosted by news that Treasury Secretary Scott Bessent said he expects de-escalation in the tariff standoff with China.

The article from CNBC, published on April 22, 2025, discusses the market's reaction to former President Donald Trump's recent comments and actions. The stock market rallied on Tuesday, reflecting investors' hopes that Trump would adopt a more conciliatory approach, often referred to as the "art of the backpedal." This shift in stance is seen as crucial for stabilizing the economy and reassuring investors amidst ongoing political and economic uncertainties. The article highlights how Trump's willingness to engage in bipartisan negotiations and moderate his previous hardline positions could significantly influence market sentiment and potentially lead to a more stable economic environment.

Read the Full CNBC Article at:
[ https://www.cnbc.com/2025/04/22/tuesday-rally-shows-street-wants-trump-to-embrace-art-of-the-backpedal.html ]