US President Donald Trump’s decision to postpone tariffs for 90 days has had a profound impact on the world economy. The S&P 500 index rose by 9.5% after the announcement, its fastest daily gain in nearly 17 years. This sudden change has alleviated fears about a potential global economic meltdown.
Despite earlier chaos caused by Trump’s “reciprocal” tariffs, the market seems to have found some stability under his watch. The world is now breathing a sigh of relief as investors realize there may be limits to how far the president will push for trade disruptions.
However, it remains to be seen whether this brief reprieve will sustain long-term economic growth or lead to further instability. Trump’s policies continue to pose significant risks to global markets and economies.
Source: https://www.economist.com/leaders/2025/04/10/trumps-incoherent-trade-policy-will-do-lasting-damage