October 13, 2025
Stocks rally after Trump eases immediate tariff threats
Investor fear eases as Trump backs away from semiconductor tariffs
💰Economy🏛️Government
On Oct. 13, 2025, the S&P 500 rose 1.56% to 6,654.72, the Nasdaq gained 2.21%, and the Dow rose 1.29%.
Markets fell on Oct. 10 after President Trump threatened large tariff increases on China following Beijing's expanded rare earth export controls.
Treasury Secretary Scott Bessent said on Oct. 13 that Trump remained on track to meet China's leader in South Korea and that talks had de-escalated tensions.
Treasury officials cited a White House Council of Economic Advisers analysis that placed a potential cost of the partial federal shutdown at up to $15 billion per week, a figure that other federal estimates have questioned.
💰Economy🏛️Government
Test Your Knowledge
10
Q1
Which headline choice best avoids implying immediate legal effect?
Q2
Which index rose most on Oct. 13, 2025?
Q3
Complete the sentence describing required steps for tariffs.
Q4
Trump canceled his tariff plan entirely before markets reopened October 13.
Q5
PHLX Semiconductor Index gained nearly 5% on Oct. 13, 2025.
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Start QuizPeople, bills, and sources
Donald Trump
President of the United States
Scott Bessent
U.S. Treasury Secretary