Dow Jones, S&P 500 rise on heels of Trump’s trade and AI plans

2025/07/24 02:13

U.S. stocks rallied Wednesday, July 23, with the Dow Jones surging 370 points, as investors cheered a trade deal with Japan and eyed progress toward an EU agreement.

In addition to the Dow Jones’ 0.84% gain, the S&P 500 was up 0.44% at last check on Wednesday. Meanwhile, the tech-heavy Nasdaq gained a modest 0.14%.

Dow Jones Industrial Average heatmap

Markets rallied on news that, after months of talks, the U.S. and Japan agreed on a trade deal. The new deal will impose a 15% tariff on goods imported from Japan to the U.S., lower than the 25% that President Donald Trump threatened earlier. Tariffs will be reciprocal, and Japan will open up its market to U.S. goods, including cars, trucks, and rice.

At the same time, Reuters reported that the U.S. and the EU are approaching a similar deal, also with a similar 15% rate. Both the U.S. and the EU would eliminate tariffs on certain products, including medical devices, aircraft, and spirits.

This news follows a series of mutual threats between the two trading blocs. Earlier, the EU threatened a €100 billion no-deal plan, targeting specific goods such as aircraft and whiskey. This was a response to Trump’s threats of flat 30% tariffs on EU goods.

Trump unveils AI plan, breaking with Biden’s policies

Trump also unveiled an AI “action plan”, detailing the administration’s approach to the artificial intelligence sector. The plan broke with former President Joe Biden’s policy of limiting exports of advanced AI chips, and ensuring that AI should not display bias.

Instead, Trump’s policy places restrictions on AI models with “ideological biases” specifically built-in by its developers. The change could impact Elon Musk’s Grok, which frequently comes under fire for controversial and racist responses, as well as allegations of direct tampering with its results.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The US GENIUS Act Was Enacted, DOT Miners Officially Launched XRP & DOGE Cloud Mining Solutions

The US GENIUS Act Was Enacted, DOT Miners Officially Launched XRP & DOGE Cloud Mining Solutions

On July 18, 2025, US President Donald Trump officially signed the landmark GENIUS Act, marking the official entry of the United States into a new era of federally regulated stablecoins. As a crypto asset closely linked to fiat currency, XRP has been favored by policy dividends due to its application in cross-border settlement, and DOGE is also ushering in a new peak of development due to its wide range of payment uses and community driving force. Driven by this major policy benefit, the global compliant cloud mining platform DOT Miners announced a comprehensive upgrade of its infrastructure and officially opened exclusive high-yield cloud mining contracts for XRP and DOGE. Users do not need any mining machines or technical thresholds, and can earn up to $8,700 a day. How to Achieve Long-term Stable Passive Income through DOT Miners? With just a few simple steps, you can start your digital mining journey and enjoy the benefits every day without complicated operations : Register an account: It only takes a few seconds to complete the registration, and new users can receive a mining start-up fund worth $15, and experience real benefits without pre-recharge. Choose a matching income plan : The platform provides a variety of flexible contract plans, tailored to different users’ funds and return expectations: Daily income automatic settlement: The system settles mining income on a regular basis every day. Users can log in to the backend to view the details at any time. The principal will be fully returned after the contract expires, saving time and peace of mind. 6 Reasons to Choose DOT Miners 1. Formal and compliant background, transparent and trustworthy DOT Miners is headquartered in the UK. All its businesses comply with local financial regulatory policies. The contract information is clear and transparent to ensure that the flow of funds can be traced throughout the process. 2. Easy operation, no equipment required No need to purchase mining machines or technical knowledge, just a few clicks on your mobile phone or computer, you can easily start the exclusive mining process. 3. Green energy driven, stable and environmentally friendly The platform’s data centers are deployed in Northern Europe and Africa, with renewable energy accounting for 100%. It not only ensures stable operation, but also reflects environmental responsibility. 4. Supports multiple crypto asset payments Whether you hold mainstream currencies such as USDT, BTC, ETH, BNB, XRP, LTC or SOL, the platform supports seamless recharge and income management. 5. Industry giants endorsement, strength guarantee The world’s leading crypto mining machine manufacturer “Bitmain” provides strategic support for the platform, further strengthening the security of technology and supply chain. 6. Multiple security protections to ensure asset security The entire site uses Cloudflare defense, EV SSL certificate encryption, and multiple identity authentication mechanisms to protect user funds from login to withdrawal. Every time you invite a friend to successfully register and invest, you will receive a lifetime rebate of 4.5% of the other party’s investment amount, unlimited number of people, real-time payment, and build your own “digital asset network”. About DOT Miners DOT Miners is a technology platform dedicated to providing cloud mining solutions for global users. The platform focuses on BTC mining and blockchain facility expansion. It currently covers more than 100 countries and regions and serves more than 5 million users. With the technical support and investment of Bitmain, DOT Miners not only operates in compliance with regulations and has strict risk control, but also actively carries out financial inclusion and education programs around the world to help more people reach the future of blockchain and digital economy.
Share
CryptoNews2025/07/23 20:37
Canadian listed company Matador receives $100 million in financing to accelerate Bitcoin reserves

Canadian listed company Matador receives $100 million in financing to accelerate Bitcoin reserves

PANews reported on July 23 that Canadian listed company Matador Technologies Inc. (Toronto Stock Exchange code: MATA) announced that it has received $100 million in financing to accelerate the construction
Share
PANews2025/07/23 21:21