Wall Street rallies after Trump urges investors to buy amid tariff retreat
US stock markets have soared since Donald Trump declared it a “great time to buy” following the announcement of his “Liberation Day” tariffs.
Global markets initially tumbled on April 2 after Trump unveiled sweeping “reciprocal” tariffs targeting key trading partners. But sentiment quickly reversed after the former president took to his Truth Social platform on April 9, writing: “THIS IS A GREAT TIME TO BUY!!! DJT.”
Just hours later, he announced a pause on the harshest tariffs, triggering a sharp rebound across financial markets.
Since then, the Nasdaq Composite has surged over 21%, the S&P 500 is up more than 16%, and the Dow Jones Industrial Average has climbed more than 12%.
China’s commerce ministry has described the new trade agreement with the United States as a key step toward “resolving differences” and building a stronger foundation for cooperation between the two countries.
US President Donald Trump declared the deal a “total reset” in US-China relations, following the agreement to implement a 90-day pause in their escalating trade war and reduce reciprocal tariffs by 115 percentage points.
“They’ve agreed to open up China,” Trump said during a White House press conference on Monday morning, after months of raising tariffs on Chinese exports in a bid to pressure Beijing.
US markets soar as tariff truce reached between Washington and Beijing
Wall Street’s major stock indexes surged at the open after the United States and China agreed to suspend their “reciprocal” tariffs for 90 days, easing tensions in the global trading environment.
The S&P 500 leapt 2.9% to 5,821.91, while the Nasdaq Composite rallied 4.1% to 18,662.48. The Dow Jones Industrial Average gained 2.4%, hitting 42,275.42.
The breakthrough deal significantly reduces trade barriers, slashing US tariffs on Chinese imports from 145% to 30%, while China has lowered its own duties from 125% to 10%.
