And while Trump also announced further escalation in the trade war with China, the 90-day reprieve was enough to boost the nation’s economic outlook: The S&P 500 surged in response, Goldman rescinded its recession prediction, and US Treasury yields — a partial metric of economic uncertainty — also decreased somewhat. Trump’s announcement of a 90-day pause has brought some relief to investors and business owners who previously had no time to prepare for one of the most significant changes to US trade policy in the better part of a century. Dominic Pappalardo, Morningstar Wealth’s chief multi-asset strategist, said that those affected now have “at least a small window to prepare, plan, and adjust for the impact.” The pause also allows individual countries time to negotiate the tariffs and for the US to pare them back.
Author: Nicole Narea
Published at: 2025-04-09 22:43:52
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