U.S./China trade stalled with +125% tariffs, PPI drops, big banks report Q1.

From Nasdaq: 2025-04-11 10:23:00

Trade between the U.S. and China has come to a halt, with both countries imposing +125% tariffs on each other’s goods. This standoff, worth $582 billion in 2024, could impact other economic relationships. PPI numbers show a slide towards disinflation, with headline PPI at -0.4% in March.

Q1 earnings season kicks off with JPMorgan Chase beating expectations, posting earnings of $5.07 per share and revenues of $46.01 billion. Wells Fargo also beats on earnings but misses on revenue. Morgan Stanley and BlackRock report strong Q1 results as well. Semiconductor stocks are set to boom, with global manufacturing projected to reach $803 billion by 2028.



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