Global financial markets were briefly thrown into disarray but have now recovered after the U.S. President Donald Trump announced a 90-day tariff pause.
The US President had previously announced provocative tariffs on foreign goods, that have heightened concerns over a potential global trade conflict, prompting swift retaliatory measures from key international players, including China, the European Union, and Canada.
The situation calmed after a partial u-turn by the US, which is now enforcing a 90-day window for negotiations before implementing the tariffs. This measure was welcomed by the crypto market, which rose 3% yesterday as a result.
