Trump Decided on 90-day Tariff Pause
Donald Trump stunned markets Wednesday with another quick pivot on trade, announcing he would authorize a 90-day pause on his reciprocal tariff plans for all countries except China and telling reporters he did so because people were getting "yippy" and "afraid."
The S&P 500 surged over 9.5% in the biggest increase since 2008.The sharp move upward in markets came after Trump paused many tariffs, but kept 10% baseline duties in place that came into effect last weekend for all countries. The only country that did not make it out form the cross hairs was China which had rates raised further to 125% because of the lack of respect that China has shown.
All in all, it was just another chaotic move in Trump's ever-shifting tariff plans and came less than an hour after Treasury Secretary Scott Bessent told reporters that the president's decision had nothing to do with the turmoil in both the stock and bond markets of the past week.
I think markets finally got to Trump and I believe he wanted to manipulate the markets after posting on Truth for people to buy stocks right before the announcement. I can't wait to see the shock fade from this move and see if any regulatory bodies pick up on the well time post like many of us traders did this morning.
I thought the 90 day hold was fake news? 😃Isn't that what they claimed at the beginning of the week?
That was fake this is now real. It's a bunch of pump and dumpers running the country.
Sad ...
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Manipulating the markets like John Macaffee did a few years ago except on a much larger scale. These manic games are not going to do the USA any favors on the global trade and commerce sides of things.
It makes our system look like jokes. Don't get me wrong they are jokes but they were what we have.
Lol for real he made a 90 days pause?? What a mess, this is becoming a circus
Yep kicking the can
Wow 😲 so the 90 days tariff pause is actually happening
I just hope it generates positive results 🙏
Yeah it's happening but the main issues have not actually changed.
I'm sure the regulatory bodies will eventually pick up on this haha. Wow, the stock market jumped so much I'm surprised he's finally started doing the right thing 🤣 The markets have been bleeding for too long
They won't do anything I have no faith in the governing bodies.
it's unfortunate but I think you're right man
Trump is as unpredictable as the weather. At first, it was just rumors of 90 day tariff pause, which was proven incorrectly only for it to later be a reality. Classical manipulation :)
Yes he is its ver annoying to be trading these markets when a post moves it more than we have ever seen. It's also an opportunity but a risky one.
Everyone is still waiting for the positive result to start flowing from trump. Well let's see how it will actually goes in years to come actually
It was not looking great today. The best we can hope for is what happened with Elon. He used to be able to move markets but a of that influence has faded with time.
Good news after the long days, that's why prices have gone up
Prices pumped but a lot of that faded away today.
Yes