RawDiary

Trump Pauses Tariffs—China Slammed at 125%

President Trump shocked global markets by pausing reciprocal tariffs for 90 days, while slapping a steep 125% duty on Chinese imports. The move unsettled trade rivals and sent Wall Street surging.

24 Hours President Donald Trump abruptly paused reciprocal tariffs for 90 days, except on China, which faces a 125% duty. Global markets surged as investors reacted to the sudden policy shift amid a raging trade war. China issued travel advisories and retaliatory tariffs, deepening US-China tensions. The administration also launched probes against critics and revamped federal workforce rules. Meanwhile, political battles rage in Congress over blocking judicial orders and budget delays. Diplomatic moves, prisoner swaps, and international sanctions add to the turmoil. The shift has sparked investor relief and drawn sharp rebukes from global leaders and domestic opponents. Economic shock continues.

Number 9.5% - S&P 500 surge following tariff pause

Quote "Time to squeeze Chinese heads into wall" — Kevin O'Leary