On April 9, 2025, President Trump announced a 90-day pause on additional tariffs for most countries, excluding China, whose tariffs were raised to 125%. This decision followed significant market volatility and a sharp decline in U.S. equities. The pause led to a historic market rebound, with the S&P 500 surging 9.52%, the Dow Jones rising 7.87%, and the Nasdaq climbing 12.16%—marking their largest one-day gains in years. citeturn0search45
Despite the temporary relief, concerns persist. Major corporations like Procter & Gamble and PepsiCo have revised earnings forecasts downward, citing increased costs due to tariffs. citeturn0news15 Consumer sentiment remains fragile, with middle-income families expressing significant concern over economic uncertainties. citeturn0news16
The 90-day tariff pause is set to expire in July, and its future remains uncertain. Ongoing trade negotiations and economic indicators will play crucial roles in determining the next steps.
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