President Donald Trump temporarily reduced new U.S. tariffs on imports from most countries to 10% for 90 days, according to CNBC. The decision followed the implementation of reciprocal tariffs on goods from nearly 90 nations. Trump raised tariffs on Chinese imports to 125%, citing China's “lack of respect” for global markets. China increased tariffs on U.S. imports to 84%. Stock indices surged following the announcement, with the S&P 500 jumping 7%.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump temporarily reduced new U.S. tariffs on imports from most countries
00:07to 10% for 90 days, according to CNBC. The decision followed the implementation of
00:12reciprocal tariffs on goods from nearly 90 nations. Trump raised tariffs on Chinese imports to 125%,
00:19setting China's lack of respect for global markets. China increased tariffs on U.S. imports
00:24to 84%. Stock indices surged following the announcement, the S&P 500 jumping 7%.
00:29For all things money, visit Benzinga.com slash GSTV.