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Markets rise after Trump tariff statement; New home sales increase; Trade concerns hit restaurants

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U.S. stock markets posted significant gains Wednesday after President Trump softened his positions on China tariffs and the status of Federal Reserve Chairman Jerome Powell. (Getty Images)
U.S. stock markets posted significant gains Wednesday after President Trump softened his positions on China tariffs and the status of Federal Reserve Chairman Jerome Powell. (Getty Images)
CoStar News
April 23, 2025 | 10:22 P.M.

Trump shifts stance on China tariffs, Fed chairman

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