#TariffsPause tariffs pause market allert
#TariffsPause Market Alert
The 90-day pause on reciprocal tariffs (excluding China) spurred a **9.5% S&P 500 rally**[5][6], but risks remain acute:
- **China escalation**: Tariffs on Chinese imports hit **125-145%**[1][2], effectively acting as an embargo[4].
- **Global slowdown**: J.P. Morgan cut 2025 global growth to **1.4%**[2], with IMF warning of "significant slowdown"[8].
- **Volatility**: Markets remain fragile, with $7T wiped from S&P 500 since February[4] and bond yields fluctuating[5].
**Key risks**: Recession fears persist as U.S.-China trade collapse ($440B imports at stake)[1] and auto/steel tariffs (25%) remain active[1][4]. Monitor Fed responses to inflation (forecast up to **3.1%**)[2] and China’s potential yuan devaluation[2].
Citations:
[1] What does Trump's tariff pause mean for global trade? - BBC https://www.bbc.com/news/articles/cz95589ey9yo
[2] US Tariffs: What's the Impact? | J.P. Morgan Research https://www.jpmorgan.com/insights/global-research/current-events/us-tariffs
[3] Temporary tariff pause mitigates trade contraction, but strong ... https://www.wto.org/english/news_e/news25_e/tfore_16apr25_e.htm
[4] Trump starts the clock for new tariffs to take effect | CNN Business https://www.cnn.com/2025/04/23/business/new-tariffs-trump-weeks/index.html
[5] Trump Pauses – Market Outlook - Standard Chartered https://www.sc.com/pk/market-outlook/market-watch-10-4-2025
[6] Wall Street rebounds sharply after Trump announces 90-day tariff ... https://www.reuters.com/markets/us/futures-struggle-trumps-reciprocal-tariffs-shake-up-global-trade-2025-04-09/
[7] Trump tariff updates: US president unveils 90-day pause for most ... https://www.aljazeera.com/news/liveblog/2025/4/9/trump-tariffs-stocks-dive-as-world-braces-for-duties-to-begin-at-midnight
[8] China eases some US tariffs as Trump sows confusion on state of talks https://finance.yahoo.com/news/live/trump-tariffs-live-updates-china-eases-some-us-tariffs-as-trump-sows-confusion-on-state-of-talks-191201613.html