CNBC's "Fast Money"
Markets Rip Higher On Tariff Pause… And Why China Isn’t Getting Any Relief 04/09/25
Apr 9, 2025
Join Howard Lutnick, the Commerce Secretary and trade policy expert, as he dives into the implications of President Trump's tariff pause. He discusses stock market surges and the skepticism surrounding their longevity amidst U.S.-China tensions. Lutnick sheds light on Walmart's strategic positioning in uncertain times and examines how pharmaceutical tariffs could reshape industry dynamics. As trade negotiations evolve, get insights on how these economic shifts may influence both markets and everyday consumers.
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Quick takeaways
- The stock market experienced a significant surge with the Dow Jones up over 2,900 points due to a tariff pause announcement.
- Despite the tariff pause offering temporary relief, analysts caution that the underlying trade tensions with China still pose risks to market stability.
Deep dives
The Impact of Tariff Pause on the Market
The announcement of a pause on tariffs by President Trump significantly impacted stock markets, resulting in an extraordinary surge across major indexes. The Dow Jones increased by over 2,900 points, while the Nasdaq soared 12%, marking its most substantial one-day gain since early 2001. This massive rebound followed days of intense market volatility due to imposed tariffs, which initially caused stocks to plummet. Investors are left questioning the sustainability of this rebound amid ongoing discussions about the future of trade policies.
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