Tech stocks, crypto rebound after Trump pauses reciprocal tariffs
President Donald Trump has announced a 90-day pause on his reciprocal tariffs, and the stock market is already bouncing back — from the damage caused last week when Trump announced his reciprocal tariffs.
Tech stocks, like Apple, Sony, and Microsoft, shot up quickly following Trump’s announcement, with Tesla rising particularly fast. As of this writing, Tesla stock was up 22.69 percent for the day. Meanwhile, Intel gained more than 17 percent; Nvidia was up by over 15 percent; and Meta, Amazon, Alphabet, and more stocks were spiking as well.
Trump made the announcement in a post on his social media platform Truth Social.
“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff…
