The Brazilian financial markets experienced notable fluctuations following announcements from former U.S. President Donald Trump regarding tariffs. On April 9, 2025, the Ibovespa index surged by 3.12%, closing at 127,796 points, while the U.S. dollar dropped by 2.54% to R$ 5.84 after Trump announced a pause in his tariff plans. This decision followed earlier volatility, where the dollar had approached R$ 6.10 during the day. The pause in tariffs has led to a wave of relief in the markets, with the Nasdaq also reporting a significant rise of nearly 9.5%, marking its best performance since 2008. The fluctuations in the dollar and the stock market reflect the ongoing impact of Trump's trade policies on global markets.