S&P 500 Skyrockets After Trump’s Tariff Pause; Global Reactions Follow

The S&P 500 witnessed a significant surge, marking one of its most substantial gains since the second world war, following President Trump’s decision to pause tariffs. The pause excluded China, where tariffs were raised to 125%, while the rest of the world saw a temporary reprieve. The stock market responded with the S&P 500 soaring by 9.5%, the Dow Jones industrial average climbing nearly 3,000 points, and the Nasdaq composite jumping by 12.2%.

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Trump’s announcement of the tariff pause came amidst a flurry of activity in the business world. Investors who followed Trump’s social media advice to “buy” before the tariff pause saw significant gains, prompting ethical concerns and questions about potential violations of securities laws. However, the White House defended Trump’s actions as a means to reassure the markets.

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While the tariff pause brought relief to many, it also sparked reactions globally. Canadian Prime Minister Mark Carney welcomed the pause as a “welcome reprieve” for the global economy. Meanwhile, China retaliated with increased tariffs on all US goods, escalating tensions further. The EU also announced retaliatory measures, imposing 25% tariffs on a range of US imports.

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Trump’s tariff actions did not go unnoticed by the international community. Brazilian President Luiz Inacio Lula da Silva emphasized the need for reciprocal tariffs while advocating for negotiation as the primary approach. Bernie Sanders criticized Trump’s tariff strategies, highlighting the potential negative impact on American consumers and relationships with allies.

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As the day unfolded, Trump signed executive orders targeting former government officials and introducing regulatory changes to boost energy production. Trump’s directives drew criticism from those targeted, with Miles Taylor labeling the investigations as a move towards a dark path for America.

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Amidst the tariff chaos, Microsoft’s decision to slow down data center construction hinted at potential shifts in technology demands. The day’s events also witnessed fluctuations in US national parks staffing due to federal workforce cuts, impacting employees’ options for buyouts and early retirement.

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Overall, the business landscape experienced significant turbulence as Trump’s tariff decisions reverberated globally, with markets reacting to the uncertainty and potential implications of the ongoing trade disputes.