BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data

June 11, 2025
in Business
Reading Time: 2 mins read
A A
0
Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data
ShareShareShareShareShare

  • The S&P 500 posted a 0.27% decline on Wednesday as investors weighed Trump’s scant-on-details trade deal with China as well as an inflation report that outperformed analysts’ expectations.

The stock markets dropped on Wednesday despite a seemingly positive development in the trade war between the U.S. and China alongside a better-than-expected inflation report for May. The S&P 500 dipped 0.27%, the Nasdaq fell 0.50%, and the Dow Jones closed the day essentially flat.

“OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME,” President Donald Trump posted Wednesday morning on his social media platform Truth Social, referring to President Xi Jinping of China.

Trump gave few specifics but said that China would continue to export magnets and rare earth materials to the U.S. and only implement a 10% tariff on American goods. The U.S., in turn, would enforce a 55% tariff on exports from the People’s Republic of China to the U.S. and let Chinese students continue to attend American colleges and universities.

The U.S. and China had previously levied tariffs as high as 145% and 125% on each other, respectively. Trump’s administration had also signaled it would start to cancel student visas for Chinese students in a move that a Chinese foreign minister called “discriminatory.”

It remains unclear when the trade deal between the two superpowers goes into effect or whether the U.S. offered China any more concessions. Xinhua, a Chinese state news agency, said the U.S. and China had “candid and in-depth talks” in its evaluation of the agreement.

Meanwhile, the Bureau of Labor Statistics released its Consumer Price Index report for May. The U.S. agency noted that inflation had only creeped up by 0.1% from April to 2.4%. That was slightly less than the median estimate of 2.5% from economists polled by FactSet.

Analysts had worried that Trump’s aggressive set of tariffs would increase prices for American consumers. Still, some warn that the full effect of the White House’s trade war hasn’t percolated throughout the economy. “It’s encouraging to see inflation moderate further, and yet we are aware of the possibility of some tariff-related lift in prices coming in the back half of the year,” wrote Rick Rieder, chief investment officer of global fixed income at BlackRock.

Wednesday’s market dip followed a week of gains. In June, the S&P 500 neared the all-time highs it posted in February, which was shortly after the 47th president’s inauguration.

This story was originally featured on Fortune.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Optimism declines among accountants | Accounting Today

Next Post

Trump claims rare earths deal ‘done’ with China

Next Post
Trump claims rare earths deal ‘done’ with China

Trump claims rare earths deal 'done' with China

Five takeaways from report into fire that shut Heathrow down

Five takeaways from report into fire that shut Heathrow down

July 2, 2025
IESBA tax planning ethics standards take effect

IESBA tax planning ethics standards take effect

July 1, 2025
US banks announce big shareholder payouts as Fed eases stress tests

US banks announce big shareholder payouts as Fed eases stress tests

July 1, 2025
Ethereum Price Prediction: ,000 Target Returns Amid Multi-Cycle Ascending Channel – Is ETH Ready?

Ethereum Price Prediction: $10,000 Target Returns Amid Multi-Cycle Ascending Channel – Is ETH Ready?

June 29, 2025
Aged 18-39? Martin Lewis on the £1 investment to make now

Aged 18-39? Martin Lewis on the £1 investment to make now

July 4, 2025
Trump’s tax bill set to help SoFi, other private student lenders

Trump’s tax bill set to help SoFi, other private student lenders

July 2, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Aged 18-39? Martin Lewis on the £1 investment to make now

Aged 18-39? Martin Lewis on the £1 investment to make now

July 4, 2025
‘Shark Tank’ investor Kevin O’Leary says he loves getting motivated by his haters: ‘It’s not about the money anymore’

‘Shark Tank’ investor Kevin O’Leary says he loves getting motivated by his haters: ‘It’s not about the money anymore’

July 4, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!