Trump says he’s raising tariffs on China to 125% and reducing tariffs on other countries to 10% for 90 days.

Trump:

I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.

Markets are on the rise after Trump's announcement of 90 day tariff pause.

Trade turnover between China and the US could fall by 80%, according to preliminary forecasts, WTO chief says.

What did Trump just do?

— Trump slapped 125% tariff on Chinese goods, effective immediately.

— Announced a 90-day pause and 10% reciprocal tariff for cooperating countries.

— Warned China: “Ripping off the U.S. is no longer acceptable”

— U.S. stocks jumped.

Dividing the global economy into 2 blocs could lead to a long-term reduction in global GDP by almost 7%, warns WTO chief.

U.S. Treasury Secretary Bessent:

Countries who did not retaliate will be rewarded.

U.S. Treasury Secretary Bessent:

I am not calling it a trade war, but China has escalated.

U.S. stocks are soaring after Trump's 90 day tariff pause announcement.

U.S. Treasury Secretary Bessent:

The tariff pause is not because of market reaction.

U.S. Treasury Secretary Bessent:

We are expecting countries to come to us with their best deal. The pause gives us time to make a deal.

More than $3.5 trillion was added to the US stock market after the tariff pause.

Donald Trump’s approval rating among 18-29 year olds has gone from +5 to -29.

U.S. Treasury Secretary Bessent:

The market did not understand Trump's maximum level tariffs.

U.S. Treasury Secretary Bessent:

This was Trump's intention all along.

Turkish Foreign Minister Hakan Fidan:

We have no intention to clash with any country in Syria, including Israel.

Major company stocks after Trump's tariff shenanigans:

Tesla: +13.5%
NVIDIA: +13%
Apple: +11%
Meta: +8.5%
Microsoft: +7.8%
Amazon: +7.5%

White House Press Secretary:

Many of you in the media clearly missed the art of the deal and clearly failed to see what Trump is doing here.

Turkish Foreign Minister Hakan Fidan:

Netanyahu is challenging the world with the resources of the United States.

The US must set Netanyahu straight.

Turkish Foreign Minister Hakan Fidan:

Türkiye and Israel hold technical talks on a deconfliction line in Syria.

Turkish Foreign Minister Hakan Fidan:

Normalization with Israel will not happen until there is a ceasefire in Gaza.