White House insists Trump's tariff reversal was his strategy all along
[https://www.cnbc.com/2025/04/09/trump-tariffs-live-updates.html](https://www.cnbc.com/2025/04/09/trump-tariffs-live-updates.html)
The [Nasdaq Composite](https://www.cnbc.com/quotes/.IXIC/) jumped nearly 10% and headed for its best day since 2008 as [technology stocks rallied](https://www.cnbc.com/2025/04/09/apple-bounces-3percent-after-worst-losing-streak-since-2000-tech-stocks.html) after Trump postponed some tariffs for 90 days.
[Tesla](https://www.cnbc.com/quotes/TSLA/), [Nvidia](https://www.cnbc.com/quotes/NVDA/) and [Apple](https://www.cnbc.com/quotes/AAPL/) surged more than 10% each, while the [VanEck Semiconductor ETF](https://www.cnbc.com/quotes/SMH/) popped more than 14% as chipmaking stocks gained. The bounce comes after a [rocky few](https://www.cnbc.com/2025/04/08/tech-semiconductor-stocks-bounce-on-tariff-optimism-nvidia-tesla-jump.html) trading sessions after the White House announced wide sweeping tariffs.
