Market rebounds after Trump pauses tariffs for all except China

CHARLOTTE, N.C. — President Donald Trump announced Wednesday a 90 day pause on the tariff’s he implemented. In a lengthy post to Truth Social, Trump said he would immediately put a hold on tariffs imposed on all countries except for China.

In addition, President Trump decided to raise the tariffs on China to 125%, up from the previous 104%. Trump wrote that “China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.” The President’s decision to pause tariffs for three months does not erase reciprocal tariffs, but instead lowers them to 10% during the pause period.

Jordan Raniszeski, a financial advisor at Carnegie Private Wealth in Charlotte, said tariffs have added volatility to the market. Raniszeski and his 150 clients have closely watched the stock market in recent weeks. “It was essentially in freefall over the last, several trading sessions,” Raniszeski said. The freefall is over for now and the market has rebounded. Raniszeski said the pause will give businesses and investors time to prepare for tariffs to be reimplemented. He recommends investors keep cash on hand and avoid making rash investing decisions until more information is given.

Raniszeski said U.S. based businesses who do not import and export to China now have time to stock up on inventory. This tactic could help businesses to keep prices low. Raniszeski said they will benefit from the pause the most. It will also give countries an opportunity to negotiate with President Trump. Trump said in his post to Truth Social that “more than 75 Countries have called… to negotiate a solution to the subjects being discussed relative to Trade.”

Raniszeski is hopeful the pause will help break down barriers in trade. “In everyone’s best interest to have a little bit more time to kind of work through some of these bilateral trade deals,” Raniszeski said.