On April 9, 2025, President Donald Trump revealed through Truth Social that the U.S. would escalate tariffs on China to 125%, simultaneously pausing reciprocal tariffs for 90 days to facilitate discussions on new trade agreements. This announcement promptly enhanced market performance, with the S&P 500 increasing by nearly 7% and treasury yields experiencing a notable decline. Treasury Secretary Scott Bessent attributed the market rise to Trump's strategic maneuver against China, positioning them as bad actors, and emphasized the U.S. commitment to working with allies who have not retaliated against these tariffs.
The announcement led to an increase in markets, with S&P 500 surging nearly 7%, showcasing investor optimism regarding the new tariff strategy.
Secretary of the Treasury Scott Bessent described the president's strategy as goading China into a bad position, highlighting their negative response as a demonstration of their status as bad actors.
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