Markets Daily

Stocks Surge after Trump Says He’s Pausing Tariffs

US trading ended Wednesday with the biggest surge in stocks since 2020 after President Donald Trump said he’d pause tariffs on dozens of countries for 90 days

A television broadcasts market news as a trader works on the floor of the New York Stock Exchange (NYSE) on April 9 — A television broadcasts market news as a trader works on the floor of the New York Stock Exchange (NYSE) on April 9
Photographer: Michael Nagle/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Simon Kennedy and Sunil Kesur

April 9, 2025 at 8:22 PM UTC

This article is for subscribers only.

US trading ended Wednesday with the biggest surge in stocks since 2020 after President Donald Trump said he’d pause tariffs on dozens of countries for 90 days.

Asked the reason for the reprieve, Trump said that people were “getting a little bit yippy, a little bit afraid”. The president has been under intense pressure from business leaders and investors to reverse course.