Trump Denies 100% Tariffs on China — U.S. Stocks and Crypto Markets Surge

TradingKey

AuthorBlock Tao

Oct 17, 2025 12:40 PM

View all comments（0）



TradingKey – President Trump denied plans to impose 100% tariffs on China, triggering a sharp rebound in both equities and crypto.

On Friday, October 17, during U.S. pre-market hours, Bloomberg analyst Walter Bloomberg reported that President Trump explicitly said “No” when asked whether he would maintain 100% tariffs on Chinese imports.

The statement sparked an immediate reaction:

Nasdaq 100 futures narrowed losses, down 0.21%
S&P 500 futures stabilized, trading flat
Dow futures reversed into gains, up 0.18%

Digital assets also responded positively:

Bitcoin (BTC) rebounded 1,000 points, reclaiming $105,000
Ethereum (ETH) surged over 100 points, back above $3,700
Binance Coin (BNB) gained more than 30 points, holding firm above the $1,000 mark

The market’s reaction reflects relief over reduced trade war risks, which had previously weighed on global sentiment. With tariffs off the table — at least for now — investors are recalibrating expectations for Q4 growth and risk appetite.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

【US Pre-Market】Chip Stocks Rebound as Micron, AMD Rise Over 8% and SanDisk Jumps Over 12% Ahead of October Nonfarm Payrolls

TradingKey - On November 6, Eastern Time, futures tied to the three major U.S. stock indices were mixed. As of press time, Nasdaq 100 index futures were up about 1.49%, S&P 500 index futures rose approximately 0.22%, and Dow futures fell around 1.09%.

US Memory Stocks Rebound Strongly Pre-Market: SanDisk Rises 12%, Micron Gains Over 9%, but AI Selloff Cloud Has Not Dissipated

TradingKey - Following a heavy sell-off in the previous trading session, the U.S. memory sector staged a collective rebound in pre-market trading on November 6. SanDisk (SNDK) rose nearly 12%, Micron Technology (MU) gained over 9%, Western Digital (WDC) and Silicon Motion (SIMO) both climbed over 8%, Seagate Technology (STX) advanced more than 7%, and SK Hynix (SKHY) also rebounded nearly 6%.

Tesla Rises Nearly 3% Premarket as Musk Says Texas Plant to Phase Out Cybertruck Production by Mid-2027 to Make Way for Cybercab Expansion

TradingKey - On November 6, Eastern Time, Tesla (TSLA) shares rose 2.8% in pre-market trading to $353.3. In the previous trading session, Tesla shares fell 10.77% to close at $343.69.

Berkshire Hathaway Q3 Earnings Preview: Insurance Profits and Cash Deployment in Focus as UBS Raises Class B Price Target to $628

TradingKey - Berkshire Hathaway (BRK.A, BRK.B) will release its third-quarter 2026 financial results on the morning of November 7, Eastern Time. As of the close on November 5, its Class B shares closed at $572.33.

Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%

TradingKey - In the Asian session on November 6, the three major U.S. stock indices tumbled across the board overnight, with selling intensifying across the AI data center supply chain and largely erasing the previous session's rebound. As market concerns mounted over AI infrastructure financing cos

Featured Tools