Trump Suspends Tariffs for 90 Days, Market Reacts Positively
US Stock Markets Surge After Trump Tariff Suspension
WASHINGTON: US President Donald Trump has announced a 90-day suspension of tariffs, as part of a temporary pause in the ongoing trade dispute. In a statement, Trump mentioned that he is increasing tariffs on China by 125%, effective immediately. He further added that the retaliatory tariffs imposed last week would be paused for 90 days, also taking effect immediately.
The announcement has led to a surge in US stock markets, with the Nasdaq rising by 9%, the S&P up by 6%, and the Dow Jones increasing by 6%.
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