How long has Trump suspended introduction of tariffs

US President Donald Trump has delayed the introduction of new tariffs for three months and raised the levy on Chinese imports to 125%, Bloomberg reports.

Over the next 90 days, most countries will face a 10% tariff. The White House believes this window will provide enough time to negotiate trade deals and lift restrictions on American exports.

Markets responded with a historic rally. The S&P 500 surged by 9.5% during the session. The Dow Jones rose by 7.8%, while the Nasdaq jumped by 12%, driven largely by gains in tech and industrial stocks.

Oil prices rebounded by 4.2% per barrel. Gold continued its upward trend, holding above $3,100 per troy ounce.

Bloomberg journalists link the pause in Trump’s aggressive tariff policy to sharp market reactions and mounting pressure from the business community. Following the initial tariff announcement on April 2, US company shares plummeted, sparking warnings from analysts and financial leaders about the risk of a prolonged recession.