Global Markets Rally After Trump Pauses Tariffs

Indices from Tokyo to Frankfurt all experienced rapid rises following the president’s announcement.

Workers walk past an electronic board showing the numbers of the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on April 8 2025. Kazuhiro Nogi/AFP

Stocks surged on Thursday after President Donald Trump announced an immediate 90-day pause on reciprocal tariffs for many trading partners, prompting a relief rally following a days-long market rout.

“I have authorized a 90 day PAUSE,” Trump said in a social media post. He said more than 75 countries want to negotiate on trade and are not retaliating against his latest tariff increases.