
CosmicTaco
12moAsian Stocks Surge Amid Trump's Tariff Pause
- Asian stocks saw their biggest jump in over two years after President Trump paused most of his sweeping tariff plans.
- Trump announced a 125% tariff on China while pausing tariffs on other countries, leading to a surge in stock markets.
- Japan's Nikkei 225 and South Korea’s Kospi index saw significant gains, while China's CSI 300 and Hong Kong’s Hang Seng Index also rose.
- Trump praised 75 countries for not retaliating and mocked critics of his tariffs on Truth Social.
- The White House framed the pause as a strategic move, but it remains to be seen if this will complicate future trade negotiations.
Source: The Independent, The Bbc
12mo ago

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