On April 2, 2025, President Donald Trump signed an executive order instituting a minimum 10% ‘reciprocal tariff’ on all US imports, impacting Wall Street significantly. The announcement led to a panic in which the Nasdaq 100 index fell more than 5% in one session, pushing major US indices into bear market territory. Companies particularly affected included Apple, Nike, Nvidia, and Advanced Micro Devices.
However, on April 9, Trump announced a 90-day pause on tariffs, resulting in a 12% surge in the Nasdaq 100 index in a single day. This led to the signing of preliminary trade agreements with multiple countries, including the UK, Japan, and the EU. Notably, tariff revenues have increased to approximately $20 billion per month, with estimates suggesting potential annual income of $300 billion.
Additionally, recession fears for 2025 dropped from 66% to just 17%, and current ‘truflation’ stands at 2.01%, indicating manageable inflation levels.
