Did Trump Back Down On Tariffs Today?
On April 9, 2025, President Donald Trump announced a 90-day suspension of newly imposed tariffs on most nations, reducing the general tariff rate to 10%. This decision came after over 75 countries expressed interest in negotiating trade terms. However, tariffs on Chinese imports were simultaneously increased to 125%, highlighting escalating tensions between the U.S. and China.
Trump Insider Trading
Concerns about potential insider trading arose when, hours before the tariff suspension announcement, President Trump posted on Truth Social: “THIS IS A GREAT TIME TO BUY!!!” This statement preceded a significant market surge, leading to speculation about whether individuals with prior knowledge of the policy shift could have profited. While no concrete evidence has emerged linking White House insiders to such activities, the timing has raised questions about market manipulation.
Trump Pauses Tariffs On Canada?
The inclusion of Canada in the 90-day tariff pause remains ambiguous. U.S. Treasury Secretary Scott Bessent indicated that both Canada and Mexico are part of the suspension, but specific details are lacking. This uncertainty coincides with Canada’s upcoming federal election, prompting speculation that the tariff pause could be an attempt to influence Canadian voters by alleviating economic pressures. Leaving critics to question if Trump thinks Carney will be easier to manipulate to achieve his agenda when it comes to Canada’s future.
Why Did Trump Pause Tariffs?
The decision to pause tariffs appears to be influenced by mounting economic pressures, including a significant market downturn and fears of a recession. Business leaders had warned that the administration’s previous tariff strategies risked severe economic consequences. The 90-day suspension aims to provide a window for negotiations and to stabilize market confidence.
Trump: Great Time To Buy
In his Truth Social post, President Trump urged calm amidst market volatility, stating, “BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!” He emphasized that it was an opportune moment for investment, despite ongoing trade tensions and market fluctuations.
The recent developments in U.S. trade policy have introduced both opportunities and uncertainties in global markets, leaving investors and international partners closely monitoring the administration’s next moves.
Feature Image Credit: Reuters