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US Bond Market Reacts to Trump's Tariff Shifts

4/24/2025

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Story summary
  • The US bond market experienced a sell-off following Trump's tariff announcement, which included a 90-day pause on most tariffs.
  • China possesses $700 billion in US bonds, providing leverage but risking losses if sold.
  • China is diversifying trade partners and investing in technology to lessen dependence on the US.
  • Reckitt Benckiser's shares dropped 6% amid tariff worries, while Croda's shares increased 9% after a tariff surcharge announcement.
  • US markets rebounded as Trump suggested a potential easing of trade tensions with China.