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• Trump Tariffs

• U.S. Stocks

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Trump Tariffs

President Trump reduced newly imposed import duties to 10% for most global trade partners for a 90-day window to allow for potential agreements, while sharply raising levies on Chinese goods to 125%, citing Beijing's behavior in global commerce. The easing of pressure on other nations led to a strong rally in U.S. financial markets, reversing days of heavy losses. Over 75 countries have reportedly reached out to initiate discussions. However, the administration’s shifting approach drew criticism from political opponents, who described the process as chaotic and unpredictable. The Commerce and Treasury secretaries said the rollback was part of a broader strategy to gain leverage.

U.S. Stocks

U.S. stocks posted historic gains Wednesday after President Trump announced a temporary reduction and suspension of some global trade duties. The S&P 500 soared nearly 10%, marking its third-strongest one-day gain since World War II, while the Nasdaq jumped over 12%, its second-largest rise ever. The Dow surged nearly 3,000 points. Trading volume hit a record high, as previously battered stocks like Apple, Nvidia, and Tesla rebounded sharply. The announcement came after several days of steep losses driven by tariff fears. Trump’s 90-day pause excludes China, whose imports will face a sharply higher 125% rate. Markets rallied on the hope of more stable trade discussions, though analysts warned the pause may offer only temporary relief.

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