Market Surges After Trump Hits Back At China, Pauses Other ‘Liberation Day’ Tariffs
by Leif LeMaheiu, The Daily Wire, April 9, 2025
The American stock market quickly rebounded on Wednesday afternoon after President Donald Trump announced that he was pausing his reciprocal “Liberation Day” tariffs on all countries except China.
Responding to Trump’s announcement, the Dow Jones Industrial Average, S&P 500, and Nasdaq had all climbed above their Tuesday close by early Wednesday afternoon. Before the surge, Trump said on Truth Social that he was raising tariffs on China to 125% and lowering tariffs across the rest of the board to 10%, pausing the steeper reciprocal hikes.
After the news, the Dow Jones jumped up to 40,179, a six percent increase on the day and higher than its 37,645 close on Tuesday. The S&P 500 climbed to 5,388, an eight percent increase on the day, and higher than its Tuesday close of 4,982. The Nasdaq jumped up to 16,830, a 10% increase on the day and higher than its Tuesday close of 15,267.
Secretary Bessent says President Trump GOADED China into a bad position:
— Charlie Kirk (@charliekirk11) April 9, 2025
"This was [President Trump's] strategy all along. You might even say he goaded China into a bad position. They have shown themselves to be bad actors."
Chess not checkers 🔥🔥 pic.twitter.com/oM7sWf7Rpv
In his announcement, Trump said that he was implementing a 10% tariff on all imports coming into the U.S. and a 125% tariff on China because of their retaliatory action.
“Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” Trump said. “Thank you for your attention to this matter!”
That announcement came hours after Trump posted on Truth Social that “THIS IS A GREAT TIME TO BUY” and “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!”
THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.
— Pepe Deluxe 🐸 (@deluxe_pepe) April 10, 2025
Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by… pic.twitter.com/ZlxtG03N99
The Trump Haters Lost Big Money because of their irrational emotions and Trump Supporters made Big Money by Trusting in Trump! Karma!!!
Tom Zawistowski on X.Com
China announced earlier on Wednesday that it was imposing additional retaliatory tariffs of 50% on the United States starting Thursday, bringing its total tariff on American imports to 84%. Chinese officials accused the United States of being a bully and violating international trade law.
Top Trump administration officials celebrated the announcement from Trump, saying that it was an effective strategy to target China.
“President Trump’s master strategy, bold statesmanship and brilliant tactical planning has done more to reform broken international trade in days than anyone has achieved in decades while economically and politically isolating the global architect of economic aggression: China,” White House Deputy Chief of Staff Stephen Miller posted on X.
🚨 BOOM: Scott Bessent issues new declaration -
— Eric Daugherty (@EricLDaugh) April 9, 2025
"For the next four years, the Trump agenda is focused on Main Street. It's Main Street's turn. It's Main Street's turn to hire workers. It's Main Street's turn to drive investment. And it's Main Street's turn to restore the… pic.twitter.com/jSvYQnt8Ty
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