#TariffsPause
The President of the United States, Donald Trump, announced a 90-day pause in the implementation of tariffs on most countries around the world, except for China. This decision aims to reduce the trade war initiated by Trump and facilitate negotiations with other countries.
Details of the Tariff Pause
- The 90-day pause applies to more than 75 countries that have requested negotiations with the U.S.
- During this period, the reciprocal tariff will be reduced to 10%.
- China is excluded from this pause and will face an increase in the tariff to 125% on all product imports.
*Market Reactions*
- The New York Stock Exchange experienced a significant increase after the announcement, with the Dow Jones rising by 5.61%, the Nasdaq by 7.44%, and the S&P 500 by 6.22%.
- Oil prices also surged, with North Sea Brent crude rising by 0.97% and West Texas Intermediate by 1.17%.
*Impact on the Economy*
- The pause in tariffs could benefit countries like Mexico and Canada, although the White House clarified that the 10% tariff does not apply to them.
- The trade war between the U.S. and China has generated uncertainty in global markets and has led to the implementation of countermeasures by China and the European Union
