2025-04-10
11 分钟U.S. markets rally after President Trump announces a 90-day pause on most retaliatory tariffs.
People were jumping a little bit out of line.
They were getting yippy, you know?
They were getting a little bit yippy, a little bit afraid.
But Trump escalates the trade war with China, raising its tariff rate to 125 percent.
While sort of lost maybe in the rejoice of the concessions and the pause that Trump has made this afternoon,
that's still to come and to play out and we're going to see a lot of businesses hurt by this.
And no matter what the rate is, new tariffs make the process of importing goods way more complicated.
It's Wednesday, April 9th.
I'm Alex O'Sullivan for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
President Trump said this afternoon that he has authorized a 90-day pause on reciprocal tariffs for all trading partners except China,
sparking a broad-based market rally due to the temporary reprieve from the trade war.
On his true social platform,
the president said that reciprocal tariffs will also be lower to 10 percent, effective immediately.
That won't be the case for China, he said, which now faces a 125 percent tariff.
Trump said his decision to pause the tariffs was based on the fact
that more than 75 countries have engaged with representatives of his administration to open negotiations regarding trade,
trade barriers, tariffs, currency manipulation, and other matters.
The president excluded China from the 90-day pause,