Apr 9 • Stocks & Crypto 💎
Trump pauses Tariffs... Temporarily!
🚨 BREAKING: Trump Pauses Tariffs for 90 Days (Except China) 🚨
🧠 Here's what's happening:
🔹 President Trump announced a 90-day pause on new tariffs for over 75 countries who chose to negotiate rather than retaliate.
🔹 These countries will keep the 10% tariff rate during this pause.
🔹 Meanwhile, China got hit hard — tariffs on Chinese imports were raised to 125% due to their retaliatory stance and lack of cooperation.
📈 Market Response:
🔸 The S&P 500 surged over 7%, showing strong investor confidence.
🔸 However, bond markets remain shaky, and talk of a possible recession is still in the air.
💬 Business Leaders React:
🔸 Bill Ackman: Called the move “brilliantly executed.”
🔸 Mark Cuban: Criticized it, saying it caused companies to overstock and cut investments.
🌏 China's Countermove:
🔺 China slapped an 84% tariff on U.S. goods in response.
🔺 The WTO warns the ongoing trade conflict could cost up to 7% of global GDP.
👀 What to Watch:
👉 This 90-day pause is likely a setup for new trade negotiations.
👉 But the U.S.-China tension is rising fast — and it could impact everything from global trade to your portfolio.
🗣 What do you think?
Is this a smart strategic move, or is it pouring fuel on the fire?
Let’s talk 👇
#Trump #Tariffs #EconomyWatch #LegacyWealthCommunity #FinancialNews #GlobalMarkets
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Trump pauses Tariffs... Temporarily!
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