#TariffsPause

On April 9, 2025, former President Donald Trump announced a 90-day tariff suspension for most countries, lowering rates to 10% to encourage trade talks. However, China was excluded, and tariffs on Chinese goods were raised to 125%, deepening the trade conflict. The move boosted U.S. stock markets, with the S&P 500 climbing 9.5% and the Nasdaq over 12%. The U.S. plans to negotiate new agreements during this period or reinstate higher tariffs.

In crypto news, Trump also signed an executive order creating a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, aiming to strengthen America’s position in digital assets. Bitcoin surged to around $94,285, with Ethereum and XRP also seeing gains.