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Markets jolted as President Donald Trump Trump unveiled “reciprocal tariffs” on all U.S. imports. The threat of recession grew louder, sending tech stocks into retreat. Cisco Systems (CSCO), the networking titan behind much of the world’s internet plumbing, felt the sting. Shares slipped as investors braced for supply chain snarls and weakened global demand.
Then, a surprise 90-day tariff pause offered markets a breather. Stocks surged in relief, and Cisco caught some of that upswing. But euphoria fades fast in today’s markets. Reality crept back in as uncertainty remains high and the threat of retaliatory trade moves still looms.