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Cruise and Shipping Stocks Rebound as Trump Reverses Course on Tariffs

  • President Trump suspended most "reciprocal" tariffs, except those on China.
  • Trump's administration initially imposed tariffs that worried economists and strategists.
  • U.S. And Asian markets surged, recovering losses after the White House delay announcement.
  • Carnival Cruise Line's stock rose over 17 percent; Royal Caribbean jumped 16 percent.
  • Transocean rose 10 percent, partially offsetting a 35 percent drop from the prior week.
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Cruise Law News broke the news in on Thursday, April 10, 2025.
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