{"id":2434094,"date":"2025-05-13T12:36:00","date_gmt":"2025-05-13T16:36:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-does-it-dow-explodes-closes-higher-monday-than-best-month-biden-can-take-credit-for\/"},"modified":"2025-05-13T12:38:08","modified_gmt":"2025-05-13T16:38:08","slug":"trump-does-it-dow-explodes-closes-higher-monday-than-best-month-biden-can-take-credit-for","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-does-it-dow-explodes-closes-higher-monday-than-best-month-biden-can-take-credit-for\/","title":{"rendered":"Trump Does It: Dow Explodes, Closes Higher Monday Than Best Month Biden Can Take Credit For"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-does-it-dow-explodes-closes-higher-monday-than-best-month-biden-can-take-credit-for%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2434094&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>On Monday, the stock market experienced a notable surge after the Trump management and China announced a reduction in tariffs as part of ongoing trade negotiations.The Dow Jones Industrial Average rose by 1,160.72 points, marking an increase of 2.81% and closing at 42,410.10.The S&#038;P 500 and nasdaq Composite also saw substantial gains of 3.26% and 4.35% respectively. <\/p>\n<p>The agreement, effective for 90 days, sets the tariff on Chinese imports to the U.S. at 30%, while American goods entering china will face a 10% tariff. This deal comes after traders expressed concerns over the negative impacts of tariffs on the economy,especially following an April dip in the market. The reduction of tariffs has prompted optimism among experts, although some caution remains regarding the potential for tariffs to increase again in the future.<\/p>\n<p>Market analysts described the agreement as a crucial step for the U.S. economy, wiht the overall average tariff rate dropping to around 12%. The deal is seen as vital for supply chain businesses and could foster continued discussions for a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/art-of-the-deal-trump-defeats-china-as-communists-agree-to-his-terms-after-just-2-days-of-meeting\/\" title=\"Art of the ...: Trump Defeats ... as Communists Agree to His Terms After Just 2 Days of Meeting\">long-term trade agreement<\/a>. Despite the positive developments, experts highlight the remaining risks associated with changing tariff rates.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>Wall Street exploded in optimism Monday after the Trump administration and China announced a mutual reduction in tariffs amid talks to reach a permanent trade agreement.<\/p>\n<p>The Dow Jones Industrial Average rose 1,160.72 points, which comes to 2.81 percent. The Dow closed at 42,410.10, according to <a href=\"https:\/\/www.cnbc.com\/2025\/05\/11\/stock-market-today-live-updates.html?__source=bar%7Ctwitter&amp;par=bar\" target=\"_blank\" rel=\"noopener\">CNBC<\/a>.<\/p>\n<p>The S&amp;P 500 rose 3.26 percent. Since an April dip when traders worried about the impact of President Donald Trump&rsquo;s tariffs on the economy, it has risen more than 20 percent.<\/p>\n<p>The Nasdaq Composite rose 4.35 percent.<\/p>\n<p>According to the <a href=\"https:\/\/www.westernjournal.com\/art-deal-trump-defeats-china-communists-agree-terms-just-2-days-meeting\/\" target=\"_blank\" rel=\"noopener\">deal<\/a> reached over the weekend, the United States and China will each lower the current tariff rate on each other&rsquo;s imports by 115 percent. That sets the tariff on Chinese goods coming into the U.S. at 30 percent and the rate for American goods entering China at 10 percent, according to <a href=\"https:\/\/abcnews.go.com\/US\/us-china-announce-deal-cut-reciprocal-tariffs-90\/story?id=121702514\" target=\"_blank\" rel=\"noopener\">ABC<\/a>.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>The agreement, which will be in place for 90 days, also commits the two sides to begin talks on a longer-term trade agreement.<\/p>\n<p>The rise in stock meant that the Dow on Monday closed higher than on any month between the time former President Joe Biden was sworn into office in January 2021 and October 2024, the last full month before Trump&rsquo;s election.<\/p>\n<p>According to <a href=\"https:\/\/finance.yahoo.com\/quote\/%5EDJI\/history\/?guccounter=1&amp;period1=1589339564&amp;period2=1747105954&amp;frequency=1mo\" target=\"_blank\" rel=\"noopener\">Yahoo<\/a>, the best month-end figure for the Dow in that time period was September 2024, 42,330.15. During that time period, the Dow broke 40,000 only four times. It has done so every month under Trump.<\/p>\n<p>Experts voiced a mix of delight and caution with their assessment of the stock market&rsquo;s <a href=\"https:\/\/www.westernjournal.com\/stock-markets-erupt-massive-us-china-trade-deal-announcement\/\" target=\"_blank\" rel=\"noopener\">rebound<\/a>.<\/p>\n<p>&ldquo;No one had these low China tariff rates on their bingo cards,&rdquo; said Jeff Buchbinder, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/imf-chief-global-economy-faces-biggest-test-since-wwii\/\" title=\"IMF Chief: Global Economy Faces Biggest Test Since WWII\">chief equity strategist<\/a> at LPL Financial, according to the <a href=\"https:\/\/www.wsj.com\/finance\/stocks\/global-stocks-markets-dow-news-05-12-2025-ddde3604\" target=\"_blank\" rel=\"noopener\">Wall Street Journal<\/a>.<\/p>\n<p>&ldquo;Risk remains that tariffs go back up from current levels as the pauses end, though taking worst-case scenarios off the table is reassuring.&rdquo;<\/p>\n<p>Seema Shah, chief global strategist at Principal Asset Management, said the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >deal helps supply chain companies<\/a>. s of Old Dominion Freight Line and J.B. Hunt Transport Services each rose more than 9 percent on Monday.<\/p>\n<p>&ldquo;Of all the trade deals, this is the one that really matters for the U.S. economy,&rdquo; he said. &ldquo;The tariff rate is still elevated, but it brings down the overall U.S. average tariff rate to around 12 percent, indicating a much smaller negative impact on the economy.&rdquo;<\/p>\n<p>&ldquo;This was sort of the ultimate positive catalyst in terms of getting a pretty meaningful pause with a pretty meaningful trade partner,&rdquo; Charles Schwab senior investment strategist Kevin Gordon said, according to <a href=\"https:\/\/finance.yahoo.com\/news\/wall-streets-worst-fears-over-trumps-trade-war-just-faded-154642890.html\" target=\"_blank\" rel=\"noopener\">Yahoo<\/a>.<\/p>\n<p>&ldquo;The larger-than-expected drop in the tariffs between the U.S. and China, while temporary, and the establishment of a framework for continued discussion, is exactly what the stock market was hoping to see,&rdquo; said Carol Schleif, chief market strategist at BMO Private Wealth, according to <a href=\"https:\/\/www.cnn.com\/2025\/05\/12\/investing\/us-stock-market\" target=\"_blank\" rel=\"noopener\">CNN<\/a>.<\/p>\n<p>Is it possible that what went up before could go up again?<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/watch-trump-looks-signing-executive-order-roast-abc-fake-news-reporter\/\" target=\"_blank\" rel=\"noopener\">Trump<\/a> said he has no plans to slap a 145 percent tariff on China again when asked if he would retaliate if trade talks fail.<\/p>\n<p>&ldquo;No, but they would go up substantially higher,&rdquo; he said, adding, &ldquo;I think you will have a deal, however.&rdquo;<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street surged with optimism on Monday following the announcement of mutual tariff reductions by the Trump administration and China, as they engage in discussions for a permanent trade agreement. The Dow Jones Industrial Average increased by 1,160.72 points, or 2.81 percent, closing at 42,410.10 according to CNBC. The S&amp;P 500 saw a rise of 3.26 percent and has gained over 20 percent since an April dip caused by concerns over Trump&#8217;s tariffs on the economy. The Nasdaq Composite climbed by 4.35 percent as well.<\/p>\n<p>Under the agreement reached over the weekend, both countries will reduce their current tariff rates on each other&#8217;s imports by 115 percent-setting tariffs at 30 percent for Chinese goods entering the U.S., and at 10 percent for American goods going into China, as reported by ABC.<\/p>\n<p>This temporary agreement will last for 90 days and initiates discussions for a longer-term trade deal between the two nations. The stock market&#8217;s rise meant that on Monday, the Dow closed higher than any month from when President Joe Biden took office in January 2021 until October 2024-the last full month before Trump&#8217;s election-surpassing September&#8217;s best figure of that period (42,330.15). During this timeframe, the Dow exceeded the milestone of 40,000 only four times but has done so every month under Trump.<\/p>\n<p>Experts expressed mixed feelings about this stock market rebound; while some were pleased with lower tariff rates between China and the U.S., they also cautioned about potential risks if tariffs were to increase again after these pauses end.<\/p>\n<p>Seema Shah from Principal Asset Management noted that this deal benefits supply chain companies significantly; shares of Old Dominion Freight Line and J.B. Hunt Transport Services rose more than nine percent on Monday due to these developments.<\/p>\n<p>Kevin Gordon from Charles Schwab described this situation as a significant positive catalyst in terms of trade relations with an important partner like China while Carol Schleif from BMO Private Wealth highlighted that although temporary reductions are encouraging news for investors hoping to see progress in trade negotiations.<\/p>\n<p>When asked about future tariffs if talks fail, Trump stated he does not plan to impose a hefty tariff again but indicated that rates would increase substantially otherwise; however he remains optimistic about reaching an agreement<\/p>\n","protected":false},"author":1,"featured_media":2434095,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/05\/NYSE-3.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[32502,53163,36602,35133,3634],"class_list":["post-2434094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-biden-administration","tag-dow-jones","tag-economic-news","tag-stock-market","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/05\/NYSE-3.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2434094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2434094"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2434094\/revisions"}],"predecessor-version":[{"id":2434098,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2434094\/revisions\/2434098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2434095"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2434094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2434094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2434094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}