Will Cars, Phones and Other Goods Be Too Big to Tariff?

A dovish shift Stocks are on a three-day winning streak as investors cheer cooling trade-war tensions. Another boost has come from the Fed and from Google, whose shares are up nearly 5 percent in premarket trading on decent first-quarter results. But while Washington and Beijing seem to be easing off their brinkmanship, it may be too late to reverse the damage to the economy and business psychology.

China on vital U.S. imports — including plane leases, medical equipment and industrial chemicals — Bloomberg reports.



That comes as President Trump reportedly considers dialing back , and is open to some exceptions on key imports, . (Worth noting: Beijing and Washington on whether they have begun talks.) Stocks in Asia and Europe, the dollar and U.

S. Treasury bonds and notes are rebounding on those dovish trade signals. This week’s rally is the most sustained run since Trump’s introduction of reciprocal tariffs this month, pushing the S&P 500 .

A full-on trade war would clobber global commerce. Still, businesses are wondering whether Trump and Beijing are laying the foundation for a too-big-to-tariff trade regime in which goods like autos and tech are spared, but nonstrategic imports get heavily taxed. Chipotle, Procter & Gamble and several airlines have warned that consumers are worried about tariffs and have begun to pull back on spending.

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