The stock market has rebounded after President Donald Trump announced a 90-day pause on his reciprocity tariffs – Trump announced losses caused by reciprocity tariffs last week.
After Trump’s announcement, technology stocks such as Apple, Sony and Microsoft quickly rose rapidly, and Tesla was particularly fast. Tesla shares rose 22.69% on the day as of this writing. Meanwhile, Intel has earned more than 17% of revenue; Nvidia has grown more than 15%; Meta, Amazon, Alphabet and more stocks are also increasing.
Trump made the announcement in a post on his social media platform Truth Society.
“I have authorized a 90-day pause, and during this period, the mutual tariffs have been greatly reduced and will take effect immediately,” Trump announced.
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However, according to the president, the suspension will only affect countries that negotiate with the White House. Tariffs for goods issued from countries such as China (countries that respond to their new reciprocity tariffs) have not stopped. In fact, Trump announced a new 125% tariff on China. The 10% global tariff announced over the weekend will also remain in effect.
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Slapdash’s tariff promotion has led to a very turbulent market. Still, news of tax suspensions in countries such as South Korea and Vietnam is enough to push Apple stock up. Trump’s tariffs result The worst four days on the Apple stock market since 2000.
Crypto market also rebounds with tariff news
The crypto market has also responded positively to Trump’s announcement of the suspension of tariffs. As of publication, Bitcoin is in trouble in the mid-to-high $70k range of $70k. Ethereum also soared 8% after Trump’s tariff announcement.
The tariffs imposed by Trump last week have wreaked havoc on the global economy. On weekends, the market looked so bleak that some analysts expected a “Black Monday” scenario. On Monday, April 7, rumors spread to Elon Musk’s X, as Trump is considering a suspension of tariffs that will help avoid a more serious situation. According to the White House, these positions are incorrect.
Despite temporary probation on most reciprocity tariffs, an ongoing trade war between the United States and China broke out. Therefore, although Trump’s tariff pause is temporarily welcome news on Wall Street and Silicon Valley, the radiation remains unpredictable.
How will President Trump’s tariffs affect you? Continue to check Mashable for our latest tariff news and interpreterbook from the late Nintendo Switch 2 iPhone 16 panic purchase report.
