#TariffsPause On April 9, 2025, President Donald Trump announced a 90-day pause on tariffs for most nations, reducing the "reciprocal tariff" rate to 10%. This decision excludes China, whose import tariffs have been increased to 125% due to perceived disrespect towards global markets.
The stock market responded positively, with the S&P 500, Dow Jones, and Nasdaq experiencing significant gains. The S&P 500's surge was the largest one-day increase since October 2008.
However, the tariff pause has led to political controversy. Senator Adam Schiff has called for an investigation into potential insider trading, citing concerns over market manipulation. Additionally, some Republicans expressed frustration over the lack of prior notice regarding the tariff changes.
