Markets Rally Amid 90-Day Tariff Reprieve

U.S. stock markets have experienced volatility amid President Trump's imposition of a 145% tariff on Chinese imports and additional tariffs on other countries, leading to significant market sell-offs. A temporary 90-day tariff reprieve introduced relief, catalyzing a historic market rally. However, the trade war with China escalates, with China responding with its own 125% tariffs on U.S. goods. Global markets, including the FTSE 100 and Indian indices, have shown varied reactions, with some recovering strongly after the U.S. tariff pause. Despite fluctuations, the U.S. administration downplays the turmoil, with President Trump dismissing economic concerns and focusing on broader strategies. The situation underscores ongoing global economic uncertainty and fears of a potential recession, impacting investor sentiment and market stability.