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President Trump and his team have been aggressive in touting ambitious efforts to strike trade deals. The claims helped spur a market boost but haven’t yet been backed with concrete signs of progress.

The tobacco giant raised profit guidance for the year, betting on the booming sales of the nicotine pouches.

Chip stocks including Nvidia and Broadcom rose sharply Wednesday, a day after President Donald Trump reportedly said the administration's tariffs on China "will come down substantially."

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Major altcoins have yet to achieve similar breakouts.

The prospect of negotiations between Washington and Beijing, currently locked in an escalating tit-for-tat tariff war, helped lift sentiment after a Wall Street Journal report cited a senior White House official as saying that U.S. tariffs on China were likely to come down to between roughly 50% and 60%. The three main indexes were already in recovery mode after Trump said late on Tuesday he had "no intention" of firing Powell, walking back last week's market rattling comment that the Fed chair's termination could not come "fast enough" that had drawn heavy criticism.

Chinese sellers are now forced to play by the same rules as U.S.-based vendors. The post E-commerce margins set to rise as trade war reshapes market: ShipHero CEO appeared first on FreightWaves.