U.S. stocks soared yesterday, April 9, as President Donald Trump rolled back some import tariffs. However, while exporters from most countries took a sigh of relief as steep “reciprocal” tariffs were granted a 90-day pause, Trump increased the tariffs on China to an astonishing 145%. China, too, has increased its tariffs on U.S. imports.
And despite Trump singling out China for tariffs, Chinese stocks also gained yesterday.
