Trump Eases Tariff Rhetoric, Boosting US Stocks and Crypto Markets

In Brief:

Trump signals a softer stance on April 2 “reciprocal tariffs,” easing inflation fears.

US stocks surged: Nasdaq +2.27%, S&P 500 +1.76%, Dow +1.42%; Bitcoin hit $88,765, now trading at $87,030 (+1.7%).

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Market sentiment turned bullish after former President Donald Trump softened his approach to the upcoming “reciprocal tariffs” rollout. Instead of broad-based hikes, Trump plans targeted measures, alleviating fears of inflation and economic drag. The improved US services PMI also lifted investor confidence.

Wall Street rallied across the board: Nasdaq gained 2.27%, led by Tesla’s 11.9% surge, while the S&P 500 and Dow rose 1.76% and 1.42%, respectively.

Crypto markets mirrored this optimism. Bitcoin peaked at $88,765 post-market open before settling at $87,030, up 1.7% in 24 hours. Solana (SOL) led gains among major tokens with a 5.17% increase, hitting $140. The Meme sector jumped 7%, leading all segments.

In the broader macro landscape, US oil rose 1.2%, while gold slid 0.30% on profit-taking after recent highs. The dollar index climbed 0.25%, reflecting easing market fears.

Investors now turn to Trump’s finalized tariff framework, expected April 2, to assess longer-term implications for growth and inflation.

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