U.S. stock markets surged today after former President Donald Trump announced a rollback of certain tariffs, easing trade tensions and boosting investor confidence.

The Dow Jones Industrial Average climbed over 450 points, while the S&P 500 and Nasdaq each posted gains of more than 1.5% by the close of trading.

Trump stated that select tariffs on goods from China and the European Union would be reduced or suspended, signaling a shift toward a more open trade stance.

“These tariffs have served their purpose, and now it’s time to open up opportunities for American businesses,” Trump said during a press conference.

Markets responded enthusiastically, with shares of multinational companies, technology firms, and industrial manufacturers leading the rally.

Investors welcomed the news, viewing it as a step toward stabilizing global supply chains and easing the inflationary pressures that have plagued markets.

Financial analysts said the tariff rollback could give a much-needed boost to global economic growth, which has been weighed down by prolonged trade disputes.

The announcement also sent the U.S. dollar higher against major currencies, reflecting renewed confidence in American economic prospects.

Meanwhile, commodities such as oil and copper rose on expectations of stronger demand from a healthier global economy.

“This move reduces uncertainty, and markets hate uncertainty,” said David Williams, a senior strategist at Global Capital Markets.

Trump’s announcement comes as he intensifies his campaign efforts, portraying himself as the candidate best equipped to restore economic strength.

However, some critics warned that the rollback could be reversed if future negotiations falter or political pressures resurface.

Still, today’s rally suggests investors are optimistic that the worst of the trade wars may be behind them, at least for now.

Looking ahead, market watchers will closely monitor any follow-up talks between the U.S., China, and the EU to assess the durability of this new trade détente.