Financial markets experienced historic volatility this week due to Trump’s tariff announcements.
On Monday, the Nikkei 225 fell sharply for three consecutive trading days, dropping 2,188 points due to lack of progress on tariffs over the weekend.
It then rose 1,876 points on Tuesday, responding positively to the previous night’s phone call between Ishiba and Trump.
On Wednesday, it fell 1,298 points following the implementation of reciprocal tariffs, and on Thursday, it surged 2,894 points after the announcement of a 90-day pause of reciprocal tariffs.
These daily fluctuations ranked as the 4th largest decline in history on Monday, the 5th largest rise on Tuesday, and the 2nd largest rise on Thursday.
A detailed analysis of the tariffs is planned for next Monday, but today I’ll provide a brief overview of this week’s events in Q&A format.
Q: What did President Trump announce on April 9?