Donald Trump's 90-day tariff pause sparks historic stock market jump; Elon Musk and Mark Zuckerberg gain $304 billion combined

Amid the global uncertainty and pushback at its peak, US President Donald Trump announced a 90-day tariff pause on India, as well as other countries, on Wednesday. After the announcement, the stock market seems to be in a better place now, as the world's richest people have added $304 billion to their combined net worth on April 9, 2025. The numbers show the largest one-day gain in Bloomberg Billionaires Index history so far.

Interestingly, Meta and Tesla noticed a jump of over 10 per cent after suffering a week of losses. On Wednesday, the S&P 500 rose 9.52 per cent to 5,456.90, which is the biggest one-day gain since 2008. Following this, the Dow Jones Industrial Average hiked 2,962.86 points, or 7.87%.

Meanwhile, the Nasdaq Composite jumped 12.16 per cent after the 90-day relief was announced.

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¡­

¡ª Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 9, 2025

Meta and Tesla saw a major jump in numbers

The record list has come after President Donald Trump's tariff announcement, and the total wealth gain beat the earlier record of $233 billion set in March 2022.

Additionally, the largest gainer from Trump's 90-day tariff pause is the tech billionaire Elon Musk's Tesla, which added $36 billion to his fortune after his EV manufacturing company saw a jump of 23 per cent.

Credit: X

But this is not it; according to Bloomberg, Mark Zuckerberg gained about $26 billion after the pause announcement. Following this is Nvidia Corp.¡¯s Jensen Huang, which saw a rise of $15.5 billion, and the chipmaker's shares shot up by 19 per cent.

For Apple, the stock soared to over 15 per cent and for Walmart, 9.6 per cent.

Why did Donald Trump make the 90-day tariff pause?

According to the recent explanation by US President Donald Trump, he said that he thought that people were jumping a little out of line, and they were getting yippy. "Hey, they were getting yippy, you know, they were getting a little bit yippy, a little bit afraid," he said.