#MarketRebound on April 9, 2025, President Donald Trump announced a 90-day suspension of reciprocal tariffs for over 75 countries, reducing them to a uniform 10% during ongoing negotiations. However, tariffs on Chinese goods were increased to 125%, citing unfair trade practices. 

The financial markets responded positively to this development. The S&P 500 surged by approximately 9.5%, marking one of its largest single-day gains since World War II. In the cryptocurrency sector, Bitcoin’s price rose by about 5%, reaching an intraday high of $81,798. Ethereum and XRP also experienced significant gains, with Ethereum surpassing $1,600 and XRP rising above $2.  

The tariff suspension aims to facilitate smoother trade relations and negotiations with the involved countries. However, the increased tariffs on Chinese goods have raised concerns about potential retaliatory measures from China, which could impact global trade dynamics.