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Silent Type

(12,412 posts)
6. I'd suggest reading the article with that headline. It gives plenty of context, as do other articles on CNBC home page.
Wed Apr 9, 2025, 01:42 PM
Apr 2025

A few other quotes from CNBC link:

"“Given how depressed stock prices and sentiment had become, the 90-day pause is sparking a violent rebound, and delaying implementation certainly removes a giant overhang from the market,” said Adam Crisafulli. “But – tariffs are not going away. China’s tariff rate is now in triple digit territory, and who knows what happens in 90 days when this pause concludes.”

"This allows for at least a near-term rally, but I would not assume that the bottom has been put in place,” added Sam Stovall, chief investment strategist at CFRA Research. “Fool me once shame on you; fool me five times, shame on me.”

"Prior to the announcement of the 90-day pause, investors were on edge over an escalating tit-for-tat between China and Trump. The EU had also approved its first set of tariffs on the U.S. set to start April 15."

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