In a dramatic U-turn, President Donald Trump has announced a 90-day pause on reciprocal tariffs for all nations except China. The decision comes just a day after fresh tariffs went live, adding another twist to the ongoing global trade tensions.
The catch? While most countries get a temporary breather at a lowered 10% tariff, China faces an immediate spike to a staggering 125%. Trump’s reasoning: “the lack of respect China has shown to the world’s markets.”
The move sent global markets soaring and bond yields sliding — a rare moment of relief amid months of economic turbulence.
n one of the biggest single-day rallies in recent memory, markets roared back after President Trump announced a 90-day pause on most reciprocal tariffs — excluding China, which now faces a steep 125% tariff.
Here’s how the numbers played out:
• S&P 500: +8.5% (Biggest gain in 5 years)
• Dow Jones: +2,711 points or 7.2% (Best since 2020)
• Nasdaq: +10.8%
• Tesla: +19% 
• Nvidia & Apple: +13% and +11%
• Walmart: +9.7%
All this — in just a few hours.
And yet… this is a 90-day pause. Not a solution.
Meanwhile, back home… Indian markets are shut tomorrow (10th April, Thursday). That means all eyes are on Friday, when both the bulls and bears return.
Will this global shift become an opportunity or just another risk?