Tariff talks between the U.S. and 75 countries gets a 90 day pause
Posted By RichC on April 9, 2025
Posting a late afternoon blog addition since I would be remiss to not mention the stock market rocketing after the Trump administration announced a “pause” with 75 countries wanting to negotiate tariffs and non-tariff barriers with the U.S. The notable holdout at this point is China … but the financial markets took all of this as good news after serious pain this past week.
Investors can now breath a sigh of relief after watching their 401Ks and retirement accounts taking significant daily dives recently. Personally, I’m hopeful that Congress locks in the 2017 tax cuts and offers tax relief to low and middle-class families who have been feeling as if the American dream is increasingly out of reach — even if I consider myself a fiscal hawk. It would be great to see President Trump’s “no tax on tips” promise and “no tax on Social Security” get passed too … but that’s not to say the growing nation debt and deficit spending doesn’t worry me.
The WSJ posted a graph of the markets since Liberation Day – 4/2/2025 – and noted that the indices are still down .. but significantly less after today.
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