#特朗普暂停新关税

Trump announced on April 9, 2025, a 90-day suspension of new tariffs for over 70 countries and regions, excluding China (until July 9). The suspension includes major trading partners like the EU, Japan, South Korea, and Vietnam, but tariffs on goods from China to the U.S. were separately raised to 145% (later adjusted).

◦ The 'reciprocal tariffs' announced on April 2 caused market panic, leading to a massive sell-off of U.S. Treasury bonds, with the yield on 30-year Treasury bonds briefly exceeding 5%, marking the largest three-day increase since 1981.

◦ U.S. stocks plummeted continuously before April 9, with the market capitalization of the S&P 500 evaporating by about $7 trillion, prompting Trump to urgently adjust his policies.