Pause, punish, pivot: Trump’s tariff waltz with the world confuses markets
By Pragadish Kirubakaran, Pradeep Damodaran and Neeraja Gopalakrishnan in Media News on Thursday, 10th April 2025 at 3:22pmIt was the economic version of a mic drop. On April 9, 2025, Donald Trump turned global trade into political theatre once again, escalating tariffs on Chinese goods to 125 per cent while slapping a 90-day “pause” on increases for most other countries. His reason? “A lot of countries are kissing my ass,” Trump told a rally, as reported by Chidanand Rajghatta for The Times of India, making it clear that the US President sees diplomacy as a performance, not a process.
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Trump’s announcement sent Wall Street into a frenzy. The S&P 500 jumped 9.5 per cent, its third-best trading day in 85 years, while the Nasdaq surged over 10 per cent, noted The Economic Times.
The Hindu's business desk added that US stocks rebounded sharply as investors welcomed the select...
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