Donald Trump
President of the United States
Donald Trump
President of the United States
As of April 2025, Donald Trump is serving his second, non-consecutive term as the 47th president of the United States after defeating Joe Biden in the 2024 election. His administration has enacted sweeping changes, including major staff cuts across federal agencies under the newly created Department of Government Efficiency, led by Elon Musk, and rolled back diversity initiatives while pushing hardline immigration and citizenship policies—many of which have sparked legal challenges and nationwide protests. On the global stage, Trump has reignited trade tensions with China by imposing high tariffs, prompting retaliatory measures and market instability. He has also initiated nuclear talks with Iran and continues to promote his “America First” doctrine. Amid his controversial return to power, Trump remains a polarizing figure, with recent developments even including scrutiny of Wikipedia's neutrality and online censorship concerns raised by its co-founder Larry Sanger.
Stocks Soar: Trump Tariff U-Turn Sends Markets into Orbit
- Wednesday, 09 April 2025
US stocks surged after President Trump announced a 90-day delay in tariffs for countries that hadn't imposed reciprocal tariffs, while raising tariffs on Chinese imports to 125 percent. The Nasdaq jumped over 12%, S&P 500 by 10%, and Dow by 7.9% - the biggest jumps since October 2008 during the Great Recession. Shares of companies like Nvidia, Apple, Microsoft, Walmart, Tesla, United Airlines, Delta Air Lines, and clothing retailers like Nike surged, with some stocks rising over 15%. The initial surge added trillions to the value of US stocks in just five minutes, providing a boost to Americans with investments in 401(k)s and indices.