President Trump grants temporary relief on tariffs, causing stock market surge

From StockTwits: 2025-04-09 14:28:00

President Trump grants 90-day relief from reciprocal tariffs to 75 countries that reached out to U.S. government agencies, pushing stock market indices higher by at least 5%. China responds by hiking tariffs to 84%, prompting Trump to raise total tariffs on Chinese goods imported into the U.S. to 104%, resulting in a new tariff of 125% on Chinese imports. Commerce Secretary Lutnick meets with Treasury Secretary Bessent and President Trump to discuss the announcement. Trump expresses hope that China will realize the days of exploiting the U.S. are over. Stock market surges, with Dow Jones up over 2,100 points, S&P 500 up more than 7%, and Nasdaq 100 up over 8%.



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