Less than a week, President Trump has now announced that the United States will delay the implementation of new tariffs on all countries in the world except China yesterday. According to an executive order signed last Thursday, the new tariffs will take effect starting April 9. But late last night it was suddenly postponed for countries that do not impose equivalent retaliatory tariffs.
Although the new tariffs are postponed for 90 days, the United States will still maintain a basic tariff of 10% on all trading partners. Specific tariffs for countries that have committed the offense of imposing high tariffs on the United States will also continue but the list of countries affected has not yet been shared. Malaysia is among the countries previously accused of doing so although MITI denied the United States' allegations this week.
Early this morning the United States stock market recorded a sharp increase. Shares of major technology companies in the world such as Apple, NVIDIA, Amazon, Google, TSMC and Meta rose sharply like a shot being fired.
Apple, for example, rose 15.33%, allowing it to once again become the company with the highest market value after being overtaken by Microsoft yesterday. Tesla shareholders are certainly the happiest as they rose almost 23% in just a few hours after the announcement.
Asian stock markets are still not open at the time of writing but will certainly also receive mixed reactions depending on the new tariffs imposed. China will certainly be the most negatively affected as Trump imposed a new 125% tariff after China imposed a retaliatory tariff of 84% on all American imports yesterday with rumors that they will also ban the screening of Hollywood films.