Wall Street Roars as Trump Suspends Tariffs for 90 Days on Most Nations

President Trump’s surprise announcement of a 90-day tariff suspension on most trading partners unleashed a stock market rally, with Tesla surging 15% and NVIDIA climbing 13% in a single day of frenzied trading.

The Dow rocketed nearly 3,000 points, its biggest one-day leap ever, as investors cheered the pause. Trump kept China in the crosshairs, hiking its tariffs to 125%, a stark contrast to the reprieve elsewhere.

Apple jumped 11%, Meta 9%, and Amazon 8%, riding the wave of optimism over eased trade tensions. Microsoft and Google followed with gains of 7.6% and 6.5%, signaling broad market relief.

Trump pitched the move as a chance for nations to negotiate better deals with the U.S. Over 75 countries have reportedly signaled interest in talks within hours of the news.

The suspension reverses days of market turmoil sparked by Trump’s initial tariff threats. Treasury Secretary Scott Bessent called it a tactical reset to boost American leverage.

China’s exclusion triggered an 84% retaliatory tariff on U.S. goods, rattling some sectors. Yet, Wall Street focused on the broader de-escalation, betting on smoother trade ahead.

Tech stocks led the charge, with Tesla’s Elon Musk praising the shift on X. He argued it frees up U.S. firms to compete without crushing import costs.

Critics like Chuck Schumer warned the rally could be short-lived, predicting higher consumer prices. They say Trump’s flip-flop sows uncertainty, not stability.

Business leaders, from auto to retail, exhaled as the 90-day window offers breathing room. They’d lobbied hard against blanket tariffs that risked choking supply lines.

Trump framed it as proof his pressure tactics work, pointing to the market’s roar as validation. He vowed to use the pause to lock in deals favoring American workers.

Analysts caution the gains hinge on successful negotiations in the next three months. A breakdown could erase the euphoria as fast as it came.

For now, Wall Street’s riding high, with Trump’s tariff chess move paying off in spades. The clock’s ticking on whether it lasts.