The high rates caught many investors off guard, and the stock market plummeted. By April 9, Trump announced a 90-day pause on the high tariff rates to give countries time to negotiate trade deals, leading to a major market rally. That 90-day pause will end on July 9. Should investors buy stocks before then?

President Donald Trump said in an interview that aired Sunday that he did not plan to extend the July 9 tariff deadline he set for countries to broker deals with the US. "I don’t think I’ll need to," he told Fox News’s Maria Bartiromo.

President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9.