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October 13, 2025

Stocks rally after Trump eases immediate tariff threats

United States Trade Representative
Associated Press
Bloomberg
Bloomberg
Bloomberg
+15

Investor fear eases as Trump backs away from semiconductor tariffs

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 BessentScott 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.

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