#TariffsPause Markets soar due to tariff pause: President Donald Trump's announcement of a 90-day pause on all "reciprocal" tariffs triggered a strong rebound in U.S. markets, which boosted Asian and European markets. Fears of a disaster in the bond market convinced Trump to hold back.

No pause for China: The relief does not extend to China, whose tariffs will rise to at least 145%. But Beijing does not relent: its latest round of 84% retaliatory tariffs on U.S. products is already in effect.

On Wednesday, Trump announced a 90-day suspension of additional tariffs. He had originally imposed a 46% tax on Vietnam, 49% on Cambodia, and 24% on Malaysia.

Experts say that the proposed tariffs could have dealt a severe blow to Vietnam and Cambodia, both long-time manufacturers of clothing and footwear for U.S. consumers. In recent years, international brands have increasingly shifted their production from China to those countries to take advantage of lower labor costs and avoid the escalating geopolitical tensions between China and the United States 🤝🏻