April 9, 2025, 1:20 pm
Trump announced a 90‑day pause on certain tariffs, a move that immediately lifted investor sentiment and sent major tech stocks such as Apple and Nvidia soaring by over 10%. The decision, announced amid a complex global trade environment, has sparked a broader market rebound as traders reacted to the temporary relief from trade tensions, even as questions remain about its long‑term implications for U.S. commerce and international competitiveness.
Apple shares soared 15% on Wednesday, their seventh-best day on record.
The Nasdaq had its second-best day on record on Wednesday, the kind of rally the market only sees during the worst of times.
Apple stock recovered from a rough patch, bouncing after Tuesday's 5% drop and a pre-market dip near $169. A brief $3 boost early Wednesday, following President Trump’s mixed tariff message, helped lift shares above $172.
Bitcoin spiked on Wednesday afternoon following after President Donald Trump said on social media that he authorized a 90-day pause on tariffs.
The EU approved 25% tariffs on U.S. goods, effective April 15, in response to Trump's steel tariffs, marking further escalation in the ongoing trade conflict.
Tariffs on China will be raised to 125%, according to the mad king.
Apple's stock rebounded after Trump's 90-day pause on new tariffs and a reduction in reciprocal tariffs, easing market tensions even as the tariff on Chinese imports climbed to 125%.
Apple stock rises as Trump's 90‑day tariff pause boosts suppliers in India, Vietnam, and Taiwan, excluding China where tariffs increased to 125%. Despite a remaining 10% tariff and market volatility, the pause allows more cost‐efficient device imports to the U.S.
President Trump's tariffs, effective since midnight ET, are on a 90-day pause with reciprocal tariffs lowered to 10% for countries not retaliating, as announced on Truth Social.
9 stories from 6 sources in 6 days ago ... #hardware #techpolicy #apple #mag7 #china #blockchain #fintech #cryptocurrency #fang #software
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