The U.S. stock market saw another upward swing Wednesday after some ups and downs throughout the day, repeating a pattern it exhibited Monday and Tuesday leading up to the president’s tariff announcement.
President Donald Trump is unveiling a host of reciprocal tariffs the U.S. will impose on imports late Wednesday afternoon, right after the market closes for the day.
At opening, the S&P 500, the Dow and the Nasdaq were all down from Tuesday. Each climbed from the morning to early afternoon, reaching a high point around 1 p.m., declining until around 3 p.m., and then rising again until 4 p.m. The indices all finished higher than Tuesday by 0.76% , 0.66% and 0.95%, respectively.
Investors can only speculate as to how the market will respond to the new tariffs. Trump has signed several executive orders concerning tariffs in his second term, including tariffs on steel and aluminum and imposing new tariffs on Canada, China and Mexico. In March, however, considering how some industries might be affected, Trump announced he would delay implementation of reciprocal tariffs until April 2.
He has called April 2 “Liberation Day” because his reciprocal tariffs are part of his plan to deliver Americans and American industry from the consequences of “unfair trade practices” he says have been levied against the U.S. for decades.
