Trump suspends tariffs for 90 days, reduces reciprocal tariffs to 10%.
As a result of this news, U.S. stocks surged with the Nasdaq rising 12%. On April 10, local time, the three major U.S. stock indices closed with significant gains, with the Nasdaq up 12.16%, marking the second-largest single-day gain in history. Tesla surged over 22%, and Apple rose over 15%.
Trump took the initiative to step back, avoiding a more severe increase in tariffs. In fact, at this point, adding more tariffs is meaningless for both sides, as both sides feel like they are inflicting 800 damage on themselves for every 1,000 damage inflicted on the opponent.
Last night, since the anticipated outcome did not arrive, we can only look for a rebound short. The decline in the cryptocurrency market fundamentally stems from issues within the cryptocurrency circle itself; external factors can only serve as a conduit, but they are not the main cause.