Trump’s Tariff Suspension Boosts U.S. Markets by $4 Trillion

A surprise 90-day suspension of tariffs announced by former President Donald Trump triggered a historic market surge, worth an estimated $4 trillion within minutes on April 9th. The S&P 500, Dow Jones, and Nasdaq all experienced significant gains, with the impact rippling through both traditional stock markets and cryptocurrencies. The move aims to ease trade tensions globally by reducing tariffs for most trading partners from 10% to a global average of 12.5%. Bitcoin’s price also surged, climbing over 3.82%, highlighting the interconnectedness of these market dynamics.