Brief by Shorts91NewsDesk / 04:36am on 10 Apr 2025,Thursday Business
On April 9, 2025, U.S. President Donald Trump announced a 90-day pause on tariffs for most countries, sparking a massive rally on Wall Street. The Dow Jones Industrial Average surged by 2,000 points, or 5%, while the S&P 500 rose 5.7% and the Nasdaq Composite climbed 6.8%. This move eased investor fears of a global economic slowdown. However, Trump maintained a 125% tariff on Chinese imports, intensifying trade tensions with Beijing. While markets celebrated the broader tariff relief, uncertainty remains over the long-term impact of the U.S.-China trade standoff. (PC: ET Now)
