In the first week of Donald Trump's second administration, global financial markets showed notable activity, primarily driven by investor optimism regarding potential deregulation and tax cuts. Wall Street recorded gains, reflecting a positive outlook amidst expectations of a business-friendly environment. Analysts noted that Trump's initial days in office did not bring immediate new tariffs, which may have alleviated concerns in markets, particularly for China, where leaders appeared cautiously optimistic. However, the potential for renewed trade tensions looms as discussions around currency devaluation and tariffs continue to circulate within China. The administration's approach is expected to influence both domestic and international economic dynamics, with implications for corporate strategies and investor sentiment.