RawDiary

Trump Shocks: Tariff U-Turn Rocks Global Markets

President Trump's abrupt 90-day pause on most tariffs, while ramping up those on China to 125%, triggered a global market rally and renewed trade tensions worldwide.

24 Hours President Trump's abrupt tariff shift—a 90-day pause on most retaliatory tariffs, while raising those on China to 125%—sent shockwaves through global markets, prompting a swift rebound in stocks and a drop in treasury yields. Investors regained confidence as supply chains adjusted, with tech giants airlifting products to dodge import tariffs. Meanwhile, internal probes and administrative shake-ups signaled a contentious environment within Washington. International diplomacy remains strained as the US-China trade conflict intensifies, while Congress battles over budget resolutions and legal challenges underscore mounting political turmoil today.

Number 125% - Trump's increased tariff rate on China

Quote "These tariffs are not just trade tools; they're a declaration of war against economic inefficiency." — President Donald Trump