Market Manipulation: Why Trump Hit 90-Day Pause On Tariffs?

On April 2, 2025, global stock markets began to experience downturn, as a result of tariffs and trade wars initiated by U.S. president Donald Trump. On that day, President Trump declared "Liberation Day", announcing sweeping tariffs that would affect almost all aspects of the U.S. economy
President Donald Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate after his sweeping duties went into effect. China, which placed steep retaliatory tariffs on U.S. goods, will now come under an even larger hike in levies on its products, totaling 125%.
Treasury Secretary Scott Bessent said afterward that the tariffs announced a week ago served as a way to get countries to come to the negotiating table.
Trump's announcement sent stocks surging this afternoon following days of volatility and losses.