Wall Street Rallies as Trump Signals Softer Tone on China Tariffs

US stock markets rose sharply after President Trump signaled a less aggressive stance on immediate tariff escalation against China, suggesting trade negotiations could resume. The S&P 500 gained over 1.5% as investors interpreted Trump's remarks as reducing the risk of an immediate trade shock. The market reaction illustrated how executive statements on trade policy directly move financial markets without any formal policy action.