U.S. Stocks Climb as Global Trade Partners Approach Trump for Tariff Discussions – One America News Network
OAN Staff James Meyers
10:09 AM – Tuesday, April 8, 2025
U.S. stock markets surged on Tuesday morning following multiple reports suggesting that international trading partners are eager to engage in negotiations with President Donald Trump regarding his “reciprocal” tariffs.
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The Dow Jones soared by 1,238 points, a 3.2% increase, recovering from a more than 3,500-point drop since last Wednesday as investors expressed concern over Trump’s “Liberation Day” taxes.
The S&P 500 climbed by 3.3%, while Nasdaq 100 futures experienced a 3.6% upswing, buoyed by reports of negotiations from various countries and potential concessions from key trade partners.
This rally comes in the wake of a highly volatile trading period triggered by the release of the 47th president’s most recent tariffs, which included a 10% baseline tax on all imports that commenced over the weekend, alongside tougher tariffs on other nations slated for implementation on Wednesday.
In contrast, markets faced a sharp decline on Monday after President Trump indicated that the tariffs would not be lifted anytime soon. However, news of ongoing trade discussions rekindled hopes that these tariffs might be subject to negotiation.
The president also mentioned he conversed with Japanese Prime Minister Shigeru Ishiba on Monday to discuss the tariffs.
Subsequently, Treasury Secretary Scott Bessent noted that Trump instructed him and the U.S. trade representative to “open negotiations” with Ishiba and his team and tasked him with spearheading the trade discussions with Japan, which is currently confronted with a 24% “Liberation Day” tax.
“Japan remains among America’s closest allies, and I look forward to our upcoming productive engagement regarding tariffs, non-tariff trade barriers, currency issues, and government subsidies,” stated Bessent in a post on X.
Indonesia has shown a keen interest in negotiating ahead of Trump’s impending 32% tax on the nation, which is scheduled to take effect on Wednesday.
As a result, the Southeast Asian country will dispatch a high-ranking delegation to the U.S. next week to establish a new agreement. On Tuesday, they announced several concessions, including commitments to increase purchases from the U.S. and to reduce import taxes.
Indonesia plans to lower import taxes on steel, mining products, and health equipment from the U.S., as well as electronics, mobile phones, and laptops from other countries, as Finance Minister Sri Mulyani Indrawati highlighted.
She also pointed out that there is a considerable opportunity in these negotiations for Indonesia to emerge as a significant exporter to the U.S., potentially replacing manufacturing-heavy countries like Vietnam, Bangladesh, Thailand, and China.
In addition, Vietnam has proposed further concessions following statements from White House trade advisor Peter Navarro, who indicated that its initial proposal to eliminate tariffs on U.S. products was insufficient.
“When they [Vietnam] come to us and say ‘We’ll go to zero tariffs,’ that means nothing to us because it’s the non-tariff cheating that matters,” Navarro remarked during an interview with CNBC’s “Squawk Box.”
Nevertheless, investors reacted positively upon learning that Vietnam might circumvent Trump’s 46% tariff, as the country offered on Monday to purchase more U.S. goods, including security and defense items, in an attempt to secure an 11th-hour reprieve from the tax.
Vietnam intends to “approach and negotiate with the U.S. to reach a bilateral agreement, advancing towards a sustainable trade balance,” Prime Minister Pham Minh Chinh stated.
Furthermore, he mentioned Vietnam would “continue to buy more U.S. products that are in high demand domestically, including those related to security and defense; and expedite the delivery of aircraft trade contracts,”
Meanwhile, Vietnam has requested Trump for a minimum 45-day delay on the forthcoming tariff.
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