Trump pauses some tariffs, boosts China’s
US stock markets surged following the US president’s announcement of a 90-day pause on tariffs for certain countries. At the same time, he said he would raise China’s levy to 125%
United States President Donald Trump issued a 90-day pause on “reciprocal tariffs” and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs.
The president also said he would increase the reciprocal tariff rate on China to 125% due to the country’s counter-tariffs against the US. Trump wrote in an April 9 Truth Social post:
According to data from TradingView, the S&P 500 index rallied close to 7% following the announcement, showcasing the high volatility of capital markets amid the macroeconomic uncertainty and the potential for a protracted trade conflict.
