Simple Smart Seminar
  • Stock
  • Investing
  • Politics
  • Tech News
  • Editor’s Pick
Politics

Trump China tariff truce ignites stock markets – will it also pump up president’s poll numbers?

by May 12, 2025
May 12, 2025 0 comment

Global stock markets are soaring in the wake of the trade truce between the U.S. and China.

The agreement, announced early Monday, implements a 90-day cooling-off period between the world’s two largest economic superpowers, bringing a temporary end to their tariff war that last month triggered a massive financial market sell-off. 

U.S. tariffs on Chinese imports, which were jacked to 145% last month as President Donald Trump hiked tariffs on countries around the world, will be scaled down to 30%, with Beijing lowering its tariffs from a retaliatory 125% to just 10%.

‘We both have an interest in balanced trade, the U.S. will continue moving towards that,’ Treasury Secretary Scott Bessent said after talks with Chinese officials in Switzerland.

While the initial agreement brought instant relief to the stock markets, for a president aiming to pass a sweeping agenda through Congress and hold onto his congressional majorities in next year’s midterm elections, it is the potential political payoff that may be of upmost importance.

The truce with China follows days after an initial trade deal with the United Kingdom – which is the first since Trump implemented tariffs last month. The president touted that the agreement with London would be ‘the first of many.’

‘It’s a positive first step,’ veteran Republican strategist and communicator Ryan Williams told Fox News.

Trump’s approval ratings have been sliding since he returned to power in the White House nearly four months ago and are now underwater in most national polling.

Most, but not all, of the most recent national public opinion surveys indicate Trump’s approval ratings in negative territory, which is a deterioration from the president’s poll position when he started his second tour of duty in the White House in late January.

Fueling the drop in Trump’s poll numbers are increased concerns by Americans over the economy and inflation, which were pressing issues that kept former President Joe Biden‘s approval ratings well below water for most of his presidency.  

Trump stood at 44% approval and 55% disapproval in the most recent Fox News national poll, which was conducted April 18-21.

Additionally, getting past the top lines, the president’s approval registered at 38% on the economy and just 33% on inflation and tariffs.

Front and center is Trump’s blockbuster tariff announcement in early April, which sparked a trade war with some of the nation’s top trading partners and triggered a massive sell-off in the financial markets and increased concerns about a recession.

In discussing his tariffs soon after he announced them on what he called ‘Liberation Day,’ the president touted that ‘these countries are calling us up, kissing my a–.’

‘They are dying to make a deal. ‘Please, please, sir, make a deal. I’ll do anything. I’ll do anything, sir!’’ Trump claimed.

A month later, Trump finally has a chance to show tangible results.

The president touted, ‘NO INFLATION!!! LOVE, DJT’ in a social media post Monday morning.

‘President Trump has argued that his agenda requires time for an adjustment and deal making. He’ll be given a period of time to execute deals to prove that his plans are working and the first major trade deal with a nation like the UK is at least a sign that some of the work has been going on behind the scenes thus and is starting to bear fruit,’ Williams said last week, following the announcement of the deal with the United Kingdom.

Williams added that the president will ‘have to back it up with more, but it is a positive first step for him in securing other deals.’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail
previous post
4th round of US-Iran talks ends as Trump set to embark on historic Middle East tour
next post
House GOP unveils Medicaid work requirements in Trump’s ‘big, beautiful bill’

You may also like

Rand Paul says he would support ‘big, beautiful...

June 1, 2025

Kevin Hassett ‘very, very confident’ courts will back...

June 1, 2025

House Dems’ campaign chair says her party’s ‘on...

June 1, 2025

Trump shares post saying Biden was executed, replaced...

June 1, 2025

Senate Republicans eye changes to Trump’s megabill after...

June 1, 2025

Trump warns Rand Paul he’s playing into ‘hands...

June 1, 2025

White House urges Iran to accept nuclear deal...

June 1, 2025

Israel hostage deal in doubt as Hamas adds...

May 31, 2025

Iran condemns Austria over report on advanced nuclear...

May 31, 2025

ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may...

May 31, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • Analyzing SIL, USO, and NVDA: Could These Bullish Patterns Trigger?

      May 29, 2025
    • Nuclear Power Trio: OKLO, SMR, and CCJ in Focus

      May 29, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 simplesmartseminar.com | All Rights Reserved

    Simple Smart Seminar
    • Stock
    • Investing
    • Politics
    • Tech News
    • Editor’s Pick