The Dow Jones Industrial Average (DJIA) experienced a significant surge on Wednesday, exceeding 6% and regaining the 40,000 level. This increase followed an announcement by the Trump administration regarding a temporary adjustment to its tariff policies. President Trump stated that a 90-day suspension of “reciprocal” and 10% tariffs would be implemented for all “non-retaliating” countries. China, however, will not be included in this tariff relief. Tariffs on Chinese goods have been increased to 125% in response to China’s imposition of an 84% tariff on U.S. goods. Further details are anticipated.
