Dow Soars Nearly 3,000 Points After Trump Suspends Tariffs – Except on China

Dow Soars Nearly 3,000 Points
After Trump Suspends Tariffs – Except on China

Wall Street surged dramatically on April 9, 2025, after President Donald Trump announced a 90-day suspension on tariffs for many imported goods—excluding China, which will face a sharp increase to 125%. The news triggered a major rally in the stock market, with the Dow Jones Industrial Average skyrocketing by more than 2,900 points.

- The Dow Jones closed at 40,608.45, up 2,962.86 points or 7.87%
- The S&P 500 surged 9.52% to close at 5,456.90, marking its biggest one-day gain since 2008
- The Nasdaq Composite jumped 12.16% to finish at 17,124.97, its largest one-day gain since January 2001

This massive rebound followed several days of steep declines driven by escalating trade tensions between the U.S. and China.

Trump’s statement on Truth Social:
“I’ve approved a 90-day suspension on tariffs and will reduce retaliatory duties to 10% during this period, effective immediately,” Trump wrote. He added that tariffs on Chinese goods will rise to 125%.

Treasury Secretary Scott Bessent later clarified that countries other than China will return to a base tariff rate of 10%. The suspension does not apply to certain specific industries.

Key stocks rallied sharply:
- Apple soared over 15%
- Nvidia jumped nearly 19%
- Tesla surged more than 22%
- Walmart climbed 9.6%

The announcement triggered a trading frenzy, making Wednesday the highest-volume trading day on Wall Street in 18 years, with over 30 billion shares exchanged.

Caution remains among analysts:
While the rally brought short-term relief, experts warn that market uncertainty is far from over. “Tariffs aren’t gone—China is still facing triple-digit rates. We’ll have to wait and see what happens when the 90-day suspension ends,” said Adam Crisafulli of Vital Knowledge.