- Trump pauses the so -called “reciprocal” tariffs for 90 days.
- The Nasdaq composite explodes 10% upwards while Trump pauses the severe bilateral tariffs.
- The Trump administration maintains a 10%world tariff.
- The S&P 500 and the Dow Jones also rise more than 7%.
In one of the most volatile sessions that are remembered, the Nasdaq Composite rose up to 10% on Wednesday after US President Trump surprised everyone with a sudden 90 -day pause in US tariffs. The index, centered on technology, shot up to 10% to 16,752 from an intradic minimum of 15,270.
Before the rally, Nasdaq Composite had quoted flat during part of the session. The Dow Jones industrial average (DJIA) and the S&P 500 also uploaded more than 7% after the news.
Trump stops the US tariff policy for 90 days
In a sense, it would seem that the world beat Trump in the first round of this commercial war. The indices of market American stock market were sold in mass in the three sessions following the new Trump tariff policy, which was announced for the first time last Wednesday. Wall Street denounced the policy in a generalized way, and some of Trump’s allies, such as Elon Musk, belittled their commercial advisor Peter Navarro. It seems that the play worked.
Trump gave in Wednesday after just one week. Under the new policy, the Trump administration will maintain its 10% tariff rate over all foreign imports, but will delay its much higher rates, such as 24% over Japan and 46% over Vietnam, for the moment.
However, Trump did not yield in the case of China and, on the other hand, announced a 125% tariff rate on Chinese products due to that nation’s response to announce their own additional tariff of 34% to US products. The proposed base rate had been 104% on Chinese products until Tuesday, after several rounds of new tariffs.
On Wednesday morning, China announced that it would abandon its additional tariff rate of 34% on US products and, instead, would adopt a rate of 84%.
Daily GRAPH OF THE NASDAQ COMPOSITE INDEX
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
