By John Meyer, consultant in financial affairs – Eurasia Business News, April 10, 2025. Article No 1478.
Nasdaq Surges to Best Day Since 2001 Following Trump’s Tariff Pause
On April 9, U.S. stock markets experienced a historic rally after President Donald Trump announced a 90-day suspension of most reciprocal tariffs, while simultaneously raising tariffs on Chinese imports to 125%. This decision marked a significant shift in trade policy amidst escalating tensions with China and other trading partners.
Trump announced that if China does not remove its 34% tariff on U.S. products by April 8, 2025, the U.S. will impose an additional 50% tariff on Chinese imports starting April 9. Today, the 125% tariff on China came into force.
Key Market Performance:
Nasdaq Composite: Jumped 12.2%, marking its largest single-day gain since January 2001 and its second-best day ever, closing at 17,124.97.
S&P 500: Rose by 9.5%, its best day since the financial crisis in 2008 and the third-largest single-day gain since World War II.
On April 7 the benchmark S&P 500 index fell 10.5% and lost about $5 trillion in market value.
Dow Jones Industrial Average: Increased by 7.87% (2,962 points), achieving its most significant rise since March 2020.
Background
The announcement followed China’s retaliation with an 84% tariff on American goods and new export restrictions targeting U.S. defense and tech industries. The European Union also prepared countermeasures against U.S. tariffs. Trump’s tariff pause was seen as an attempt to de-escalate mounting global trade tensions after weeks of market volatility.
Investor Reaction
The markets responded sharply, with tech stocks leading the rally. Companies like Nvidia (+18%), Tesla (+23%), Apple, and Meta (both +15%) saw substantial gains.
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Analysts noted that investors welcomed the temporary clarity but warned of potential volatility as trade negotiations unfold over the next three months.
Broader Implications
While the suspension provided short-term relief to markets, uncertainty remains high as Trump’s tariff policies continue to evolve. Experts caution that this pause does not guarantee long-term stability in global trade relations.
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© Copyright 2025 – Eurasia Business News. Article no. 1478.
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