Crypto Market Rallies over 5% As Trump Pauses All Tariffs Except China

1 week ago 1

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Donald Trump announced today that he’s instituting a 90-day pause on all tariffs except those on China. Bitcoin has surged over $80,000, while altcoins like XRP, Solana, and Cardano surged more than 10% in just minutes of the announcement.

The Dow Jones and stock market reacted similarly, surging by 2,000 points after the news. The US President has now added a total of 125% tariff on China, while pausing others.

Trump Reverses Tariff Plan

Since Donald Trump has made huge tariffs a cornerstone of his financial policy, the markets have reacted with a huge amount of uncertainty. After imposing 104% tariffs against China last night, however, Trump has made a shocking reversal. Although the tariffs against China will still stand, he is repealing those on all other nations.

Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off…

— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 9, 2025

This news immediately caused a substantial rally in the markets. The Dow Jones responded at 1:30 PM Eastern Time by shooting upwards over 2000 points, and this was mirrored in other high-profile stocks. The markets have been desperate for a form of relief, and it looks like it’s here.

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