S&P 500 Brushes Against All-Time High Amid U.S.-China Trade Drama
Wall Street''s favorite yardstick flirts with record highs—because nothing says ''economic stability'' like two superpowers playing tariff chicken.
Trade talks drag on, markets shrug. The S&P 500''s relentless climb continues, proving yet again that stocks DGAF about geopolitical tension as long as liquidity taps stay open.
Funny how ''constructive dialogue'' always coincides with quarterly window dressing. Maybe Powell''s printer has a ''trade war overdrive'' setting we don''t know about.
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Both Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick said that the first day of talks went well, although they didn’t reveal any additional details. That could concern some investors.
U.S. and China Discuss Export Controls
Export controls are a main topic of discussion between the two countries. The U.S. wants China to increase its export FLOW of rare earth elements, which are used in the production of essential electronics like smartphones, semiconductors, and electric vehicles. In return, the U.S. is willing to ease export curbs on semiconductors, aircraft parts, and ethane, according to the Financial Times.
In 2024, the U.S. exported $143.22 billion of goods to China and imported $438.74 billion of goods from the country, resulting in a goods trade deficit of $295.51 billion. That deficit stands at $88.02 billion in 2025 as of April.
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