Trump Reacts to Massive Stock Market Resurgence

President Donald Trump responded to a dramatic stock market surge with a mix of celebration and defiance, following his announcement of a 90-day tariff pause on most nations, excluding China. The Dow soared 2,962 points (7.8%), the S&P 500 jumped 9.5%, and the Nasdaq climbed 12.1%, erasing much of the prior week’s tariff-induced losses.

Trump took credit for the rally, posting on Truth Social, “THIS IS A GREAT TIME TO BUY!!!”—a message that echoed earlier X posts urging followers to invest. He later told reporters at the White House, “The markets are seeing my brilliance,” boasting of a near-record day and claiming the pause showed his dealmaking prowess after “75 countries” sought talks.

The pause dropped the universal tariff to 10% while hiking China’s to 125%, a move Trump justified as retaliation for Beijing’s counter-tariffs. He shrugged off earlier market plunges, which had wiped out trillions since his April 2 tariff rollout, saying, “Sometimes you have to take medicine to fix something,” a nod to his long-term trade deficit goals. Posts on X noted his morning buy call preceded the policy shift, fueling speculation he influenced the rally. Critics, like Senate Minority Leader Chuck Schumer, slammed him for volatility that “vaporized” retirement savings, while supporters hailed the pivot as strategic.

Trump’s tone oscillated between dismissing market dips as “globalist” noise and touting the day’s gains as proof of his economic vision. He denied watching markets dictated his pause, insisting it was about leverage for bespoke trade deals. The response underscored his unorthodox approach—blending bravado, social media nudges, and policy U-turns—leaving Wall Street relieved yet wary of lingering trade war risks with China.