The hashtag #TariffsPause recently emerged after former U.S. President Donald Trump announced a temporary suspension of tariffs for 90 days ⏸️ on most imports, except for China 🇨🇳, where tariffs were raised to 125%.
Key Developments:
Significant Economic Impact 💰📈:
This decision led to a significant rise in financial markets, with U.S. stock markets adding about $5.5 trillion, and the price of Bitcoin rising above $83,000 🚀.
International Reactions 🌍:
The European Union 🇪🇺 has decided to suspend retaliatory tariffs on the United States 🇺🇸 for 90 days ⏳, in an attempt to ease trade tensions ⚖️.
Escalation with China 🇨🇳⚡:
Despite the general suspension, tariffs on Chinese imports were raised, prompting China to impose retaliatory tariffs of 84% on American products, along with censorship of tariff discussions on social media.
Impact on Cryptocurrencies ₿📊:
The temporary calm in trade tensions has created a more stable environment for high-risk assets like cryptocurrencies, attracting new institutional investments.
What to Expect?
As of today, April 26, 2025, Trump has indicated that extending the suspension for an additional 90 days is unlikely ❌, suggesting a potential return to strict trade policies soon.
