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Trump announces a 90-day suspension of reciprocal tariffs! Bitcoin breaks through 81,000, and US stocks soar with a big pump of over 11%.
US President Donald Trump threw a shock bomb at midnight, announcing that he would suspend the implementation of reciprocal tariffs for 90 days, and cryptocurrencies and stock markets rebounded across the board. (Synopsis: Trump sacrifices 104% tariffs on China!) Bitcoin killed 75,000, the Dow Jones opened 1400 points higher and then fell, and the S&P lost the 5000 mark) (Background supplement: Trump threatens China: If the 34% retaliatory tariff is not withdrawn today, the United States will increase the weight to 50%! U.S. President Donald Trump threw a shock bomb at midnight, announcing that he would suspend the implementation of reciprocal tariffs for 90 days, but only China has increased its crackdown, and the following is his full statement earlier in Truthsocial: Based on China's disrespect for the world market, I hereby increase the tariffs imposed by the United States on China to 125%, effective immediately. Hopefully, in the near future, China will realize that the days of exploitation of the United States and other countries are unsustainable and unacceptable. Instead, based on the fact that more than 75 countries have called U.S. representatives, including the Departments of Commerce, Treasury, and the Office of the U.S. Trade Representative, to seek solutions to the issues under discussion about trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs, and that these countries have not retaliated against the United States in any way or form at my strong suggestion, I have authorized a 90-day moratorium and likewise a significant 10% reduction in reciprocity during that period. Thank you for your interest in this matter! Bitcoin broke through $81,000 Affected by this, bitcoin rose sharply above $81,000, and Ethereum also rebounded above $1,600. The four major indexes of U.S. stocks also rose across the board, of which Fei Half rose 11.65%, and the weight stock Huida rose by more than 14%. Related reports Who is pushing tariffs behind Trump: "belligerent corner in the middle" economist Navarro Trump "simply miscalculated" reciprocal tariffs! AEI scholars exploded: tax rate irrigation 4 times, key parameters did not understand Foreign media exposed that Musk "privately lobbied Trump" to withdraw tariffs but failed, and the White House trade adviser: There is a problem with the brain 〈Trump announced the suspension of reciprocal tariffs for 90 days! Bitcoin broke through 81,000, U.S. stocks soared by more than 11%" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".