The U.S. stock market bounced back from its worst day since October on Wednesday after President Donald Trump said he reached the framework for a deal about Greenland, an island he’s long coveted, and won’t impose tariffs he had threatened on several European countries.The S&P 500 rallied 1.2% after Trump said the deal, “if consummated, will be a great one for the United States of America” and its allies in the North Atlantic region. The announcement triggered an immediate move higher in the stock market, w ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economists are reacting to President Donald Trump’s latest tariff escalation with China, as well as the subsequent walk-back over the weekend, following the sharp selloff in risk assets on Friday. ‘TACO Strikes Again’ On Sunday, in a post on X, economist Peter Schiff said, “TACO strikes again,” a term recently coined by traders and a shorthand for “Trump Always Chickens Out,” referring to Trump’s history ...