The United States issued a temporary 90-day suspension of "reciprocal" additional tariffs on imports from over 75 countries (excluding China), effective from April 10 until July 9, 2025, according to Executive Order 14257. While most countries are now subject to a "basic" tariff rate of 10%, the tariff rate on Chinese imports has risen to 145%—though President Trump stated that it "will drop significantly, but it won't be zero" anytime soon.

• Why does it matter? It helps alleviate inflationary pressures within the United States and reduces the risks of a trade war ahead of the 2025 elections.

• Market reaction: The affected container trade volumes have halved over this week.

• Crypto angle: Expect strong volatility in commodity-linked assets; consider hedging through stablecoins or options.