Apple, NVIDIA, Tesla stock surge by double digits after President Trump pauses US tariffs

President Trump has announced a 90-day pause on Reciprocal Tariffs for most countries, while nailing China with a 125% tariff effective immediately.

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Right at the same time, stocks of the biggest companies that saw multiple trillions of dollars wiped away in market cap over the last few days, bounced right back... and better than ever. Tesla stock is at $272, up 22.69% today, while NVIDIA stock is at $114, up 18.72% today (at the time of writing).

President Trump wrote on his Truth Social post: "Based on the lack of respect that China has shown to the World's Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable".

He continued: "Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!"

• AMD stock ia at $96.84 at the time of writing, up 23.82% today
• Tesla stock is at $272.20 at the time of writing: up 22.69% today
• NVIDIA stock is at $114.33 at the time of writing: up 18.72% today
• Apple stock is at $198.85 at the time of writing: up 15.33% today
• Intel stock is at $21.53 at the time of writing: up 18.75% today