Shares of industrial and transportation companies rose as traders bet there would be compromise between the U.S. and its trading partners.
Treasury Secretary Scott Bessent said an early trade deal was possible with India, while acknowledging struggles to reach compromise with China.
"The administration signaled a willingness to reduce trade tensions with China, saying it would consider "substantially" reducing tariffs on imports from 145% to perhaps to 50-65%," said economists at brokerage Morgan Stanley.
Toyota Industries said it received a proposal to take the company private, sending its shares to a record high.
European aerospace giant Airbus agreed to acquire some Spirit AeroSystems facilities that make parts for its jets, moving to take direct control of production in a bid to stabilize supply chains after months of disruption.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 28, 2025 17:00 ET (21:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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