The market recovered 82k after Trump's move:
Due to China's disrespect for the global market, the U.S. will increase import tariffs from China to 125%, effective immediately. He hopes China will soon stop deceiving other countries.
In contrast, with more than 75 countries cooperating in good faith and not retaliating against the U.S., he decided to pause for 90 days and reduce the countervailing tax to 10% for these countries — except for China.
PS: The basic tax rate of 10% still applies broadly, only China is excluded from the benefits.
=> Not sure how true it is, but historically, the U.S. has been good at pulling the global economy up, while China pulls itself up....
