Live Update 
From the Liveblog of
Wednesday, April 9, 2025
From the Liveblog of
Wednesday, April 9, 2025
US stocks surge as Trump announces 90-day tariff pause on all nations but China
WASHINGTON — Facing a global market meltdown, US President Donald Trump abruptly backs down on his tariffs on most nations for 90 days, but raises his tax rate on Chinese imports to 125%.
It’s seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to one between the US and China.
Global markets surge on the development, but the precise details of Trump’s plans to ease tariffs on non-China trade partners are not immediately clear.
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