On April 18th, COINOTAG News reported notable developments in the financial markets following remarks from U.S. President Donald Trump. During a press conference at the White House, Trump addressed the ongoing tariff disputes between the U.S. and China, suggesting that these tensions might soon be alleviated. He remarked, “I don’t want to continue raising tariffs because at a certain point, people stop buying,” indicating a potential pivot in trade policy.
This statement had an immediate impact, contributing to a nearly 3% increase in international oil prices and a significant rebound in copper prices. Furthermore, the Asia-Pacific stock markets responded favorably to this news, with substantial gains observed in key indices across Japan, South Korea, and Australia. These market movements highlight the sensitive nature of global trade relations and their influence on commodity and equity valuations.