RawDiary

Tariff Turmoil: Trump’s 90-Day Pause Triggers Market Meltdown

President Donald Trump’s sudden 90-day tariff halt unleashed a cascade of shock in global markets. Stocks plunged and investor confidence wavered as the policy reversal exposed vulnerabilities in international trade and U.S. fiscal strategy. The move raises questions about the future of American industry and economic stability, fueling fears of prolonged market uncertainty.

24 Hours President Donald Trump announced a 90-day pause on his sweeping tariffs, triggering a market rollercoaster as stocks plunged and global trade volatility soared. House Republicans advanced key fiscal and voter ID bills, deepening domestic political clashes. Internationally, diplomatic efforts unfolded with prisoner swaps between the US and Russia and China imposing tougher import limits amid escalating tariffs. Corporate giants like Prada and Amazon brace for economic shifts while legal battles, including a $1.68 billion verdict against filmmaker Toback, emerge. Tech titans dueled in high-stakes lawsuits as uncertainty roils markets.

Number 145% - Heightened tariff rate on Chinese goods signaling stern trade measures.

Quote ‘Tariffs are our new weapons of mass economic destruction,’ — Financial Analyst