CNN: Stocks Rally as Trump Softens Stance on Reciprocal Tariffs

EXCERPT:

YURKEVICH: “Investors are breathing a sigh of relief today because they are seeing that these reciprocal tariffs, set to go into effect on April 2nd, may not be as bad as they were initially advertised. The Dow closing up more — almost 600 points, the S&P closing up more than 1.7 percent, and the NASDAQ closing up more than 2 percent. And that is a huge turnaround from what we’ve seen in the last couple weeks when markets were reacting very badly to this advertisement by the president that he was going to hit every single country that had a tariff on U.S. exports with their own tariff, a direct match, a tariff on any exports coming from other countries. Here’s the president earlier today from the White House, walking back this big day, Liberation Day, on April 2nd.”