S&P 500 growth slows due to uncertainty over US tariffs against China

American stock markets anticipate further development of trade relations between the United States and China. Yesterday's rise in the S&P 500 index, triggered by Donald Trump's statements about a possible reduction of import duties against China, slowed down on Thursday. US Treasury Secretary Scott Bessent denied the report. He claimed that there is no question of unilateral de-escalation of trade tension between the world's two leading economies.

Wall Street experts are becoming increasingly cautious about Trump's statements, whose external policy is not getting any clearer. The day before, the Financial Times reported about the probable easing of US import tariffs against foreign automakers. Later, these statements were also denied. Moreover, information about a possible increase of 25% duties on vehicles shipped from Canada has appeared, according to Yahoo Finance.

On Thursday, Wall Street analysts' attention will be more focused on Alphabet's earnings report. Trump's tariff policy should not have affected the company's indicators so far. However, sooner or later the new President's approach may have a negative impact on the business, Yahoo Finance suggests.