Trump pauses global tariffs but raises China tariffs to 125%, potentially impacting laptops, monitors, and consoles

Back and Forth: President Trump has announced a 90-day pause on new tariffs against all countries except China, just a week after what experts called a "nuclear bomb" on global trade. Global reciprocal tariffs have been reduced to 10%, while anti-China taxes have surged to a historic 125%. The decision marks a sharp reversal from the steep tariffs the President announced on April 2, which included significant duties on imports from countries such as Japan (24%), Vietnam (46%), and Cambodia (49%). Last week's announcement sent markets into disarray: Nintendo delayed pre-orders for the recently announced Switch 2, customers rushed to Apple Stores fearing imminent price hikes, two laptop manufacturers paused US shipments, and Micron raised SSD prices, just to name a few. Alright, I think people knew of the tariff pause and traded it beforehand. You can see before Trump posted "buy" on Truth Social, traders opened $QQQ $TQQQ and $SPY calls RIGHT BEFORE THE NEWS, someone opened $SPY 509 ... Read full article.