#TariffsPause
President Trump announced a suspension of tariffs for most countries for 90 days, while tariffs on China were increased to 125%. This move aims to provide time for countries to negotiate and reduce tensions in global trade.
Background of Tariff Suspension
On April 9, 2025, President Trump announced the planned suspension of tariffs for most countries, except China.
The suspension lasts for 90 days and aims to ease rising trade tensions.
Tariffs on China
Tariffs on exports from China will be raised to 125% in response to retaliatory actions from Beijing.
China has announced a retaliatory tariff of 84% on US goods, which triggered Trump's decision to raise the tariffs.
Economic Impact
The stock market reacted positively with a significant surge following the announcement of the tariff suspension.
The S&P 500 recorded its largest one-day increase since 2008, indicating investor optimism regarding market stability.