CNN: Stocks Rally as Trump Softens Stance on Reciprocal Tariffs

MATTINGLY In the money ░░░░░░░░ the markets ending the ░░░░░░░░ in positive territory after ░░░░░░░░ President Trump s next ░░░░░░░░ of tariffs may be ░░░░░░░░ softer than anticipated The ░░░░░░░░ has of course called ░░░░░░░░ 2nd his launch of ░░░░░░░░ tariffs Liberation Day but ░░░░░░░░ swirled today that those ░░░░░░░░ may end up being ░░░░░░░░ than anticipated Even the ░░░░░░░░ himself seemed to be ░░░░░░░░ expectations CNN s Vanessa ░░░░░░░░ joins me now Vanessa ░░░░░░░░ tariff threats they have ░░░░░░░░ put it plainly caused ░░░░░░░░ lot whiplash for investors ░░░░░░░░ the markets Why exactly ░░░░░░░░ there a sense of ░░░░░░░░ right now YURKEVICH Investors ░░░░░░░░ breathing a sigh of ░░░░░░░░ today because they are ░░░░░░░░ that these reciprocal tariffs ░░░░░░░░ to go into effect ░░░░░░░░ April 2nd may not ░░░░░░░░ as bad as they ░░░░░░░░ initially advertised The Dow ░░░░░░░░ up more almost 600 ░░░░░░░░ the S P closing ░░░░░░░░ more than 1 7 ░░░░░░░░ and the NASDAQ closing ░░░░░░░░ more than 2 percent ░░░░░░░░ that is a huge ░░░░░░░░ from what we ve ░░░░░░░░ in the last couple ░░░░░░░░ when markets were reacting ░░░░░░░░ badly to this advertisement ░░░░░░░░ the president that he ░░░░░░░░ going to hit every ░░░░░░░░ country that had a ░░░░░░░░ on U S exports ░░░░░░░░ their own tariff a ░░░░░░░░ match a tariff on ░░░░░░░░ exports coming from other ░░░░░░░░ Here s the president ░░░░░░░░ today from the White ░░░░░░░░ walking back this big ░░░░░░░░ Liberation Day on April ░░░░░░░░ Clip starts Trump Well ░░░░░░░░ may give a lot ░░░░░░░░ countries breaks but it ░░░░░░░░ reciprocal but we might ░░░░░░░░ even nicer than that ░░░░░░░░ know we ve been ░░░░░░░░ nice to a lot ░░░░░░░░ countries for a long ░░░░░░░░ They ve charged us ░░░░░░░░ much that I m ░░░░░░░░ to charge them what ░░░░░░░░ ve charged us But ░░░░░░░░ ll be substantial Clip ░░░░░░░░ YURKEVICH So a little ░░░░░░░░ than what is expected ░░░░░░░░ here is still what ░░░░░░░░ yet to come There ░░░░░░░░ tariffs that are going ░░░░░░░░ go into effect on ░░░░░░░░ 2nd They will be ░░░░░░░░ but they will be ░░░░░░░░ back probably fewer countries ░░░░░░░░ at a lower rate ░░░░░░░░ there s going to ░░░░░░░░ sector specific tariffs so ░░░░░░░░ things like autos coming ░░░░░░░░ this country or lumber ░░░░░░░░ into this country copper ░░░░░░░░ well And then today ░░░░░░░░ Truth Social President Trump ░░░░░░░░ about a secondary tariff ░░░░░░░░ Venezuela a 25 percent ░░░░░░░░ for any country that ░░░░░░░░ oil from Venezuela Phil ░░░░░░░░ biggest buyer of Venezuelan ░░░░░░░░ is China They already ░░░░░░░░ a tariff on goods ░░░░░░░░ out of their country ░░░░░░░░ well as steel and ░░░░░░░░ tariffs If that tariff ░░░░░░░░ to go into effect ░░░░░░░░ could end up having ░░░░░░░░ 70 percent tariff Phil ░░░░░░░░ steel and aluminum So ░░░░░░░░ escalation and a de ░░░░░░░░ at the same time ░░░░░░░░ Phil MATTINGLY It makes ░░░░░░░░ sense I suspect we ░░░░░░░░ be doing this again ░░░░░░░░ Vanessa Yurkevich appreciate it ░░░░░░░░ always, my friend.”