Markets soar as Trump pauses reciprocal tariffs except China

A sudden social media post from Donald Trump has turned all his tariff plans upside down, again. "Based on the lack of respect China has shown to the world markets", he declared, "I am hearby raising the tariff charged by the United States of America to 125%".

As for the countries which he said had not "at my strong suggestion retaliated in any way, shape or form...I have authorised a 90 day pause and a substantially lowered reciprocal tariff during this period of 10%".

It took several questions to the White House press secretary to establish that this was a universal flat rate - and not on top of the 10% already imposed.

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[Auroth_DI]

Insider trading at a level we have never seen before…

[snrMARYBRUBAKER-ve]

🇸🇬 104% tariffs? That’s not a negotiation, it’s a message. When China retaliates, America doesn’t blink, it doubles down. Like it or not, this is how Trump plays, hard, fast, and unapologetic. The real question is, who pays the price, and who walks away stronger? What’s YOUR take?

[northboy]

Who is benefiting from these gyrations? The Whitehouse needs to be investigated for financial fraud!!!

[MindFarter]

Blatant Insider Trading and Market Manipulation that is supposed to be unlawful under international and US law

[Lysandra-wo]

China has a 10 year plan, Trump has a one day plan.

[Liensy]

Begged? He changed his mind because they begged? He changed his mind because he crapped himself at seeing the markets go bear. Zero credibility. This is a bully saying China has no respect for the markets when he started something he couldn't finish

[naren_sharma]

So the country runs on one man’s mood!!America is turned into one man’s show

[Khazzs]

This demonstrates how the artificial stock market fluctuates whimsically.

[secchu]

Only yesterday he said no pauses. Pressure was too much. He folded

[commandZee]

A 125% tariff on Chinese imports will still drastically raises operational costs for American based companies. Trump is still screwing American consumers and businesses, especially smaller businesses operating on tight margins.

[lohchengfatt]

China did not forced any countries to buy their goods, it is a supply and demand situation. No supply if there is no demand no matter how cheap. The Americans are losing its trade competitiveness . The Chinese goods used to be of inferior quality but not the case anymore. The quality now resonates with the budget for the product. It can be superb if there is a budget for it . However Americans still are ahead in certain areas eg services, finances etc but not manufacturing anymore, those days are gone due to much cheaper labor around the world.

[sethnavabi]

His buddies bought the dip. MTG already got rich from trading US treasuries.

[pratyushmallick]

Can the U.S. please elect a leader who isn't battling dementia or spiraling through bipolar outbursts? One minute they had a prez who couldn’t remember what decade it was, and now they've got a narcissistic circus act flipping policies like he’s cycling through mood swings. It’s not the oval office anymore, it’s a psych ward with a nuclear button.

[vanynaya]

In all this back and forth there are businesses trying to operate and people’s livelihoods at stake

[fk]

He's manipulating the markets for his own gain.

[CorylusAngles]

Crash the market, tell your mates to invest, then boom the market... The top 1% get even richer!

[MrHallgrade]

2:38 is this someone to be trusted ?!
He is a disrespectful bully and the world should put him at check

[harry]

Anyone in the White House who knew this was coming just made a profit on whatever they bought this morning. This is such shabby insider trading.

[shaykespeeer]

Don't believe a word that Trump says! He could wake up on the wrong side of bed in the middle of the night and go on a social media rant saying he's increasing Tariffs again, at any time. ps - Trump and every Republican need to have their investments monitored, to see if any of them are buying/selling in advance of Trumps mood swings.

[amandag]

I thought he said (not even a day ago) that he was never going to back down on tariffs and they were here to stay.