The Dow Jones Industrial Average soared over 2,500 points Wednesday on news that the Trump administration will pause reciprocal tariffs for 90 days for those countries that have reached out for negotiations.
President Donald Trump posted on Truth Social, “I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”
The president noted that 75 countries had called representatives of the U.S. “to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs.”
However, China has not sought to negotiate, but has retaliated with high tariffs on U.S. goods.
“Based on the lack of respect that China has shown to the World’s Markets, I am
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