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Stocks Eke Out Gains on Trump's Latest Tariff Talk | Closing Bell
Posted
July 14, 2025
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10:38Now PlayingWall Street traders parsing Donald Trump’s latest tariff remarks sent stocks mildly higher, with the market gearing up for results from big banks and inflation data. Bond yields and the dollar edged up. Oil fell as the US president’s plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports.
The S&P 500 hovered near its record as Trump indicated he’s open to trade talks, even as he insisted the letters threatening new rates are “the deals.” While Corporate America is bracing for its weakest earnings season since mid-2023, lower estimates could be easier for companies to beat. As US financial giants kick off earnings season Tuesday, strategists say subdued profit expectations are setting the stage for their sizzling run to continue.
President Trump unleashed more tariff threats this weekend, declaring a 30% rate for Mexico and the European Union, and informing key trading partners of new rates that will kick in on Aug. 1 if they cannot negotiate better terms.
“We view the latest move from the White House as a negotiating tactic, and maintain our base case that the US effective tariff rate will settle around 15%, which we believe will allow the S&P 500 to rise further over the coming 12 months,” said Mark Haefele at UBS Global Wealth Management.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Norah Mulinda and Tim Stenovec.
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