This is MacOS Ken.

Trump hits pause on the tariffs, China not included.

Apple shares explode for some reason.

And the kids are still cool with iPhone.

It is Thursday the 10th of April 2025.

I'm Ken Ray, and this is news from MacOS Ken.

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Once again, I have no idea how to tackle what happened yesterday.

According to numbers from USA Today, the S&P 500 was up 9.5% to close at 545690. The Dow was up 7.9% closing at 40,60845, and the NASDAQ was up 12.2% ending the day at 17,124.97 for its biggest one-day gain since 2001.

All of that, after President Trump said he was pausing reciprocal tariffs on all countries for 90 days,

while raising China's levy to 125%.

So not all countries then?

Let's see, that's a 125% tariff on China plus the 10% global tariff, which is still in place.

Meanwhile, other tariffs troubling for Apple, like the 46% tariff on imports from Vietnam,

and the 32% on imports from Taiwan, are, at the very least, put on hold.

The new set Apple shares skyward.

I mean, they're still way off where they were a week ago yesterday.

On the 2nd of April, they were trading at just under $224. Before Trump's lunchtime surprise yesterday, they had gotten

as low as just under 172. Then the big reveal, landing Apple at $198.85 at the closing bell, up $26.43, or 15.3%, and within striking distance of its $3 trillion market cap.

Props to Barron's for putting into a headline when I spent most of the afternoon thinking,

...