On April 9, 2025, President Donald Trump announced a 90-day suspension of new tariffs for most countries, excluding China, which now faces a 125% tariff rate. This policy shift prompted a significant market rally, with the U.S. stock market gaining $5.5 trillion in value and Bitcoin surging above $83,000.
The crypto market responded positively, as altcoins like XRP, Solana, and Cardano experienced over 10% gains within minutes of the announcement. Binance users participated in discussions and activities related to the tariff pause, sharing insights and earning platform rewards.
While the tariff pause provided temporary relief, the increased tariffs on China may escalate tensions, potentially affecting global trade dynamics. Investors are advised to stay informed and consider risk management strategies in this evolving economic landscape.
