US President Donald Trump speaks outside the White House on 9 April 2025. Photo: AFP / Saul Loeb
Hours before issuing his stunning reversal of his reciprocal tariffs, US President Donald Trump urged investors to buy, posting on Truth Social, "THIS IS A GREAT TIME TO BUY!!!"
He concluded the post with "DJT."
Although those are the president's initials, it was also potentially a nod to Trump Media & Technology Group Corp, which trades under the ticker "DJT."
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At the time, the parent of Truth Social, DJT shares were down nearly 13 percent this month. After the announcement, shares were up over 20% for Thursday (NZT) alone.
Trump announced a complete three-month pause on all the "reciprocal" tariffs, but enormous tariffs will remain on China, the world's second-largest economy.
In fact, the president said they will be increased to 125 percent from 104 percent after China announced additional retaliatory tariffs against the United States.
'China wants to make a deal', Trump says
The US is seeing "tremendous amount of spirit from other countries, including China," Trump said this afternoon after announcing the pause excluding China.
"China wants to make a deal. They just don't know how quite to go about it. You know, it's one of those things they don't know quite - They're proud people," he told reporters during an event at the White House.
"And President Xi's a proud man. I know him very well, and they don't know quite how to go about it. But they'll figure it out. They're in the process of figuring it out, but they want to make a deal."
- CNN live coverage
