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News  ›  Benzinga

Trump's Tariffs — And The Art Of The Rebound

Benzinga Logo Benzinga By Erica Kollmann
Trump's Tariffs — And The Art Of The Rebound

President Trump's April 2, 2025 'Liberation Day' announcement of sweeping 10% baseline global tariffs and reciprocal duties caused extreme market volatility, with the S&P 500 losing 9.5% over two days. However, a 90-day pause on reciprocal rates announced on April 9 sparked a major rebound, with the Nasdaq surging 12.2% that day. By year-end 2025, markets recovered significantly, with the S&P 500 up 17%, Dow up 13%, and Nasdaq up 21% for the year.

Insights
BACpM   neutral

The announcement indicates a significant increase in shareholding, which suggests strategic interest but without explicit positive or negative implications


QQQ   positive

The Nasdaq 100 ETF surged 12.2% on April 9 following the tariff pause announcement and finished 2025 up 21% for the year, more than 50% from April lows, making it the top-performing major U.S. index despite initial severe losses.