In a surprising turn of events, President Donald Trump has authorized a 90-day pause on the tariffs affecting more than 75 countries.
The pause also includes a significantly reduced “Reciprocal Tariff” of 10%.
The announcement, made via Truth Social, is already having a noticeable impact on the markets, with a sharp rebound of over 5%.
Markets React as Trump Implements Immediate Tariff Changes Amid Negotiations
The sudden tariff pause, accompanied by a reduction in the tariff rate, has caused an immediate shift in global financial markets.
The Dow Jones Industrial Average surged by more than 5% after Trump’s announcement, offering a glimmer of hope for investors who were previously rattled by his trade policies.
In contrast, Trump confirmed a drastic hike in tariffs on China, pushing the rate to a staggering 120% due to China’s retaliatory actions.
Treasury Secretary Scott Bessent Defends Trump’s Bold Tariff Moves
Standing beside Trump, Treasury Secretary Scott Bessent addressed the media, defending the president’s decision to pause tariffs on countries that have chosen to negotiate rather than retaliate.
Bessent praised Trump for his unwavering stance, saying that the countries which opted for dialogue rather than confrontation would be rewarded.
He also warned that China’s continued escalation would result in further punitive tariffs.
Trump Calls for Calm as Global Markets Brace for Trade War Fallout
As the global market continues to react to his tariff policies, President Trump took to social media to reassure the public.
Writing on Truth Social, Trump urged Americans to “be cool” and promised that the U.S. would emerge stronger from the ongoing trade disputes.
Despite growing skepticism, Trump remains firm in his belief that the tariff measures will ultimately benefit the U.S. economy.
European Union Approves Retaliatory Tariffs in Response to U.S. Trade Policies
The European Union has approved its first set of retaliatory tariffs aimed at countering Trump’s recent tariff hikes.
The EU’s response targets over $20 billion in U.S. goods, including everyday products like soybeans, motorcycles, and beauty items.
These new tariffs are part of the broader international response to the U.S.’s steel and aluminum duties, signaling a continued global trade standoff.
Trump’s Unexpected Pause on Tariffs Earns Praise From Negotiating Countries
While some nations have already escalated the trade war with retaliatory tariffs, President Trump’s announcement of a 90-day pause was met with appreciation from more than 75 countries.
As the trade war threatened global markets, Trump’s strategic pause is seen as a potential opportunity for countries to come to the negotiating table without the fear of additional levies.
Trump’s 90-Day Tariff Pause Seen as Strategic Move Amid Market Instability
In an attempt to calm market fears and stabilize the global economy, President Trump has implemented a temporary pause on tariffs for several countries.
This move comes as markets continue to react negatively to the rising tensions over global trade policies, and it’s hoped that the pause will allow time for diplomatic negotiations to take place.
China Intensifies Trade War by Imposing 84% Tariffs on U.S. Goods
In retaliation to Trump’s tariff actions, China has announced its own significant tariff hike, now imposing an 84% tariff on U.S. goods.
This dramatic increase represents a sharp escalation in the trade conflict between the two economic giants.
China’s Ministry of Finance has expressed serious concerns over the impact of U.S. trade policies, which it believes could destabilize the global market even further.
Trump Dismisses Criticism and Pushes Forward With His Trade War Agenda
Despite facing growing criticism and market turmoil, President Trump remains determined to press forward with his tariff policies.
In a bold move, he dismissed media skepticism about his tariffs and stated that the U.S. would be “bigger and better than ever before.”
As his tariff policies continue to unfold, Trump remains confident that his actions will ultimately bring more manufacturing back to the U.S.
President Trump’s Latest Tariff Announcement Shakes Global Markets and Trade Relations
The global markets were left reeling after President Trump’s latest tariff announcement, with investors scrambling to assess the impact of his policies on the economy.
With both China and the European Union taking retaliatory action, the trade war shows no sign of easing.
Trump’s stance, however, remains firm as he continues to push for fairer trade deals with international partners.