**Breaking! Donald Trump Delays Implementation of New Import Tariffs for 90 Days Bring All Green**
U.S. President Donald Trump announced in the early hours of Thursday (April 10, 2025) that the higher reciprocal tariff scheme would be temporarily paused for 90 days in response to outreach from dozens of countries.
However, import duties on goods from China will still increase to 125% due to the "lack of respect" from the Beijing government. *"Based on the fact that over 75 countries have contacted U.S. representatives, including the Departments of Commerce, Treasury, and [the U.S. Trade Representative], to negotiate solutions on key topics under discussion—such as Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs—and that these countries have not, upon my strong advice, retaliated against the United States in any way, shape, or form, I have authorized a 90-day pause. Reciprocal tariffs will also be substantially reduced during this period to 10%, effective immediately,"* Trump wrote on Truth Social, as quoted by the *New York Post* on Thursday (April 10, 2025).
**Market Reactions to the Announcement:**
- The Dow Jones Industrial Average surged by 2,962 points, or 7.9%.
- The S&P 500 Index rose by 9%.
- The NASDAQ Composite jumped by 12%.
- Bitcoin surged over 10%, followed by nearly all other cryptocurrencies.
