So, like, Trump was all like “tariffs on China are gonna go down a lot,” on Tuesday, which made the stock market go nuts in a good way on Wednesday. The Dow Jones went up 625 points, S&P 500 was up 2.5%, Nasdaq went up 3.4%, and Tesla? Oh man, Tesla went up 6.5% because Elon Musk is gonna spend less time with the Department of Government Efficiency, whatever that is.
Not really sure why this matters, but apparently, Trump also said he’s not gonna fire the top central banker Jerome Powell. The stock market liked that news too, I guess. And like, some other tech companies, like Facebook and Nvidia, also did well because of all this.
But like, a few weeks ago, Trump increased tariffs on Chinese goods by a lot, which started this whole trade war thing. But now, he’s saying he’s gonna ease up on all that, which is why the stock market is going bananas.
So, yeah, that’s the latest on this whole trade war situation. Stay tuned for more updates.
