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Trump tariffs pause: Dow posts largest daily point increase ever
Posted
April 9, 2025
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5:30Now PlayingU.S. stocks soared after President Trump pivoted on his tariff strategy pausing tariffs on those nations willing to negotiate, while ramping up tariffs on China by 125%.
The Dow Jones Industrial Average posted its "largest daily point increase in history." (+2,963)
Nasdaq Composite added over 1,860 points or 12%
S&P 500 tacked on 472 points or nearly 10%
Tesla, Nvidia and Apple added double-digit gains in the snap back.
In addition to the pause, Trump also raised tariffs on China to 125%, citing disrespect to global markets.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," Trump posted on social media. "The days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable."
LiveNOW's Josh Breslow spoke with FOX Business' Edward Lawrence on the historic day.
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