Stocks Jump as Trump Pauses Tariffs, Nasdaq Soars 12%

Post by: Omar Nasser

Photo : AFP

Stock markets around the world went up fast after U.S. President Donald Trump said he would stop new taxes on goods from other countries for 90 days. This break includes every country except China. The news made investors happy after many days of worry. Earlier, people were scared that high taxes would hurt the economy and cause a slowdown. Prices of bonds were falling, and the U.S. dollar was getting weaker.

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After Trump’s announcement, U.S. markets rose quickly. On Wednesday, the Dow Jones went up by nearly 8 percent. The S&P 500 rose by 9.5 percent, and the Nasdaq jumped more than 12 percent. This was the best day for the Nasdaq in 24 years. Some people still feel unsure about what will happen after 90 days. The U.S. will still keep heavy taxes on goods from China, up to 125 percent.

Stock markets in other countries also saw big gains. In Japan, South Korea, Australia, Hong Kong, and China, markets opened higher on Thursday morning. Taiwan’s market went up by more than 9 percent. Big companies like TSMC and Foxconn also saw a big rise. In Vietnam, stocks rose over 6 percent after the U.S. said it would wait before adding new taxes. In Indonesia, the market opened almost 5 percent higher.

The Japanese yen became stronger against the U.S. dollar, and gold also went up in price. Some experts said the news was a big surprise and a very good one. They said it came at the right time, as companies are starting to share their earnings. But even with this good news, many still worry about what will happen after the 90 days. There is still a lot of confusion about the long-term plan for these taxes.

Markets had been falling since the start of April, when Trump first talked about adding new import taxes. Some experts believe the world economy is now in a strange and risky situation. But for now, this pause has made many people feel more calm, and stocks are rising again.

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