- Trump pauses tariffs for over 75 countries to support trade talks, while raising China’s tariff to 125%, citing unfair trade practices.
- The announcement adds $4 trillion to US markets, pushes Bitcoin to $82K with a 6.6% surge, and liquidates $75 million in BTC shorts.
President Donald Trump issued a 90-day pause of retaliatory tariffs on over 75 countries just one day after implementing them. The move is taken as the threat of a global trade war increases and appears to make the battle purely against China, whose tariffs have been increased to 125%.
Nobody else would have done what I did… Someone had to do it. It had to end because it’s unsustainable,” Trump wrote on TruthSocial. “China made $1 trillion in trade with America last year. Now I’ve turned it around.”
Trump pauses tariffs, markets rally
Even though over 75 countries Trump pauses tariffs by declined to retaliate, China immediately imposed an 84% duty on U.S. goods, placed export controls on American firms, and filed a new case with the WTO.
As much as there was tension, markets recovered their financial ground. The American stock market added $4 trillion within 15 minutes, and the S&P 500 rose almost 7%.
Bitcoin followed by surging 6.6% to touch an all-time high of $82,000. More than $75 million in BTC shorts were closed out in the last hour, while the overall crypto market cap surged to $2.5 trillion.
Trump pauses tariffs a step towards more-targeted economic confrontation with China rather than a world tariff war.
Also Read: April 9, 2025 – Today’s Crypto Market Update: Tariffs, Trump, and Global Shifts Impact Prices
