U.S. Stocks Soar as President Trump Pauses Some Tariffs

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 9 April 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 9. U.S. stocks stage a furious rally after Trump announces a 90-day pause on reciprocal tariffs. WSJ investing columnist Spencer Jakab discusses the market reaction, and markets reporter Ryan Dezember breaks down what the tariff pause means in practice, as China was a big exception to the pause, with Trump saying the tariff rate on Chinese goods was now 125%. And, no matter what the tariff rate is, putting new levies into practice will make the act of importing much more complicated. Liz Young, who covers logistics and the supply chain for the Journal, walks us through how it works. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In an age of unprecedented disruption and opportunity, success depends on what you do with your
0:05.0	data and how fast you do it. This is the era of AI. This is the era of KX. KX, survival of the fastest.
0:16.9	U.S. markets rally after President Trump announces a 90-day pause on most retaliatory tariffs.
0:23.0	People were jumping a little bit out of line. They were getting yippy, you know?
0:28.9	They were getting a little bit yippy, a little bit afraid.
0:31.9	But Trump escalates the trade war with China, raising its tariff rate to 125%.
0:37.8	While sort of lost maybe in the rejoice of the concessions and the pause that Trump has made
0:43.9	this afternoon, that's still to come and to play out, and we're going to see a lot of businesses
0:48.8	hurt by this.
0:49.8	And no matter what the rate is, new tariffs make the process of importing goods way more complicated.
0:55.9	It's Wednesday, April 9th. I'm Alex Oslo for the Wall Street Journal.
1:00.1	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:08.4	President Trump said this afternoon that he has authorized a 90-day pause on reciprocal tariffs
1:13.3	for all trading partners except China, sparking a broad-based market rally due to the temporary
1:18.7	reprieve from the trade war. On his true social platform, the president said that reciprocal
1:23.3	tariffs will also be lowered to 10 percent, effective immediately. That won't be the case for China,
1:29.1	he said, which now faces a 125 percent tariff. Trump said his decision to pause the tariffs was
1:35.5	based on the fact that more than 75 countries have engaged with representatives of his administration
1:40.2	to open negotiations regarding trade, trade barriers, tariffs, currency manipulation, and other matters.
1:46.6	The president excluded China from the 90-day pause, saying in his post that the world's second-largest economy had shown a lack of respect throughout the tariff's skirmish and would now face even loftier levies.
1:58.0	At a news conference after the announcement, Treasury Secretary Scott Bessent was
2:01.8	asked by reporters why President Trump chose to pause these tariffs now.
	...

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