Trump exposes a customs attack for 3 months, stocks and crypto recover immediately
The roller coaster ride to Trump's customs attack continues, this time upwards: US President Donald Trump announced a 90-day break for the additional tariffs on Wednesday evening, which he had relied on imports from numerous countries that are ready for negotiations with the USA. This decision represents the first sign that the president may refrain from a comprehensive trade war.
In his contribution to Truth Social, Trump explained: “Based on the fact that more than 75 countries contacted representatives of the United States, including the ministries for trade, finance and the US trade officer, to negotiate a solution … and that these countries have not practiced a retaliation against the United States. Lower mutual customs of 10% approved during this period, which also becomes effective immediately. ”
Only against the arch enemy China, which already reacted with high counter -tariffs, continues violently. “Due to the lack of respect that China showed towards the world markets, I hereby increase the customs raised by the United States of America to China to 125%,” he wrote. He added: “At some point, hopefully in the near future, China will recognize that the times when the USA and other countries were exploited are no longer portable or acceptable.”
Clear relaxation at S&P500, Nasdaq, Bitcoin and old coins
The announcement triggered a significant positive reaction to the financial markets. According to Trump's message, the US stock markets recorded a strong increase. The S&P 500 jumped by almost 10 percent immediately after the announcement, while the technology -heavy Nasdaq Composite added 12 percent.
Immediate improvement could also be seen on the crypto market. The market jumped up by almost 7 percent within a short time, the market capitalization immediately increased $ 200 billion. Bitcoin jumped up 6 percent by 10%, Solana, Chainlink, Avanlanche, Sui or Hedera even by 12 to 14 percent.
The so -called reciprocal tariffs over the global base set of 10% came into force on Wednesday. The new regulation means that all countries that have not taken retribution measures against the United States are now excluded from the higher tariffs for 90 days and instead are subject to a uniform customs rate of 10%. The EU announced customs measures against selected US goods on Wednesday. Now it becomes exciting how the situation develops bilaterally between the individual countries or regions and the USA – there is now a time window of three months for negotiations in this regard.
