Bloomberg Daybreak: Europe Edition
Trump’s 90-Day Pause, 125% Tariffs on China, Record Market Rally
Apr 10, 2025
In a surprising move, President Trump announced a 90-day pause on higher tariffs, sending the S&P 500 soaring by 10%. As trade tensions rise with China, new discussions on economic stimulus emerge among Chinese leaders. The bond market experiences chaos as Trump praises it, while volatility grips financial markets following his policy reversals. Concerns grow over the potential impacts on the UK housing market. Amidst this tumult, China grapples with trade deal ambitions and currency fluctuations, leaving global markets in a state of uncertainty.
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Quick takeaways
- Trump's 90-day tariff pause sparked a significant stock market rally, recovering over 70% of previous losses and boosting investor confidence.
- In response to escalating U.S. tariffs, China is considering economic stimulus measures to stabilize its economy and bolster domestic sectors.
Deep dives
Tariff Pause and Market Response
A surprise 90-day pause on higher tariffs announced by Donald Trump led to a significant rally in the stock market, with the S&P 500 gaining almost 10%. This pause affects various trading partners but keeps the 125% tariffs on China intact, indicating a complex trade stance. Markets reacted positively, regaining over 70% of their previous losses, as investors responded to the news with substantial trading volume not seen since 2008. However, despite the short-term gains, some analysts express concern that the U.S. has damaged its reputation as a reliable trading partner.
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