US President Donald Trump announced a 90-day pause on reciprocal tariffs for certain countries, reducing the tariff rate to 10% for nations that do not retaliate. However, he also declared a significant increase in the reciprocal tariff rate on China to 125% due to its counter-tariffs against the US. Trump expressed hope on social media that China would acknowledge the unsustainability of its previous trade practices. The announcement led to a notable rally in the US stock markets, with the S&P 500 index jumping nearly 7% and the Nasdaq rising about 8%, highlighting the market volatility amid ongoing macroeconomic uncertainties. The situation remains ongoing, with further developments anticipated regarding these trade measures.

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