Trump’s Tariff Adjustments Spark Market Rebound in Stocks and Crypto

In Brief

Trump delayed tariffs on Mexican cars by one month and opened up more tariff exemption requests, easing trade tensions.

US stocks and crypto markets rebounded, with Bitcoin surging past $91,000 (+4.8%) and Ethereum climbing above $2,200 (+4.59%).

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A slight adjustment in Trump’s tariff policy has sparked a broad market recovery, boosting both US stocks and cryptocurrencies. The S&P 500 (+1.12%), Dow Jones (+1.14%), and Nasdaq (+1.46%) all rallied, with Microsoft leading tech stocks (+3.19%).

In the crypto market, Bitcoin briefly hit $91,903 (+4.8%), while Ethereum reclaimed $2,200 (+4.59%), as optimism builds ahead of the White House cryptocurrency summit. Traders are eyeing potential regulatory clarity on crypto policies, including a Bitcoin reserve plan.

Despite improved market sentiment, the Federal Reserve’s Beige Book indicates mixed economic signals, with consumer spending declining and recession risks rising. The market now expects interest rate cuts exceeding 70 basis points by year-end.

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