Stock Market Rebounds Following Trump’s Tariff Announcement
The stock market experienced a significant rebound after President Donald Trump announced a 90-day pause on reciprocal tariffs with certain countries. Tech stocks were among the biggest gainers, with Tesla rising 22.69 percent, Intel gaining over 17 percent, and Nvidia increasing by more than 15 percent. Other major tech companies such as Meta, Amazon, and Alphabet also saw their stock prices spike.
Trump made the announcement on his social media platform Truth Social, stating, “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.” However, the pause only applies to countries engaged in negotiations with the White House. Tariffs on goods from countries like China, which have responded with their own reciprocal tariffs, remain in effect. In fact, Trump announced a new 125 percent tariff on Chinese goods.
The initial tariff rollout had caused significant market volatility, with Apple’s stock experiencing its worst four-day stretch since 2000. The news of the pause sent Apple’s stock price flying upward. The crypto market also reacted positively to the announcement, with Bitcoin rising above $82,000 and Ethereum spiking 8 percent.
Despite the temporary reprieve, the ongoing trade war between the U.S. and China continues. While the tariff pause was welcome news for Wall Street and Silicon Valley, the long-term fallout remains unpredictable. The market had been expecting a “Black Monday” scenario over the weekend, but rumors of a potential tariff pause, later denied by the White House, helped mitigate the worst-case scenario.
As the situation continues to develop, the impact of Trump’s tariffs on various industries and consumers remains to be seen. The pause in reciprocal tariffs has provided temporary relief, but the continued tensions with China and other trade partners keep the market on edge.
