Asian markets rallied, Indian markets closed Mahavir Jayanti after Donald Trump announced 90-day pause on tariffs
The decision has eased investors around the world as trade tensions intensified. Japan’s Nikkei 225 index jumped 8.34%, while Taiwan’s weighted index grew by more than 9% at the time of reporting.
Asian stock market surged on Thursday after U.S. President Donald Trump announced a 90-day suspension of tariffs on 75 countries, including India. The decision has eased investors around the world as trade tensions intensified. Japan’s Nikkei 225 index grew by 8.34%, while Taiwan’s weighted index grew by more than 9% at the time of reporting. South Korea’s KOSPI index also rose sharply, climbing 5%. The Hang Seng Index in Hong Kong rose by about 4%.
However, Indian stock markets remained closed on Thursday due to public holidays at Shri Mahavir Jayanti. Although some countries have temporarily eased, the trade war between the United States and China is still escalating. On Wednesday (local time), President Trump announced that tariffs on Chinese goods were immediately raised to 125%.
The move is in response to China’s hike of tariffs on U.S. goods from 34% to April 10. India is one of these countries.
“Based on China’s lack of respect for the world market, I hereby raise the tariffs charged by the United States of America to 125%, effective immediately. At some point, it is hoped that in the near future, China will realize that days of depriving the United States and other countries are no longer sustainable or acceptable.”
On the contrary, based on the fact that more than 75 countries called on representatives of the United States, including the business sector, the Treasury and the USTR to negotiate solutions to the object of discussion, relative to trade, trade barriers, tariffs, currency manipulation and non-monetary tariffs, and my strong authorization, the country is not obvious in my strong circumstances, either within my strong scope, or in my statistics, or in the Insiped Insperient of neper Inderip Andied Antriped Andied Inderied A, or in the Fertical of Sharging Andied Andied Annepried A. During this period, the suspension, and during this period, the mutual tariffs were greatly reduced, which were also immediately effective. He added.
(This story has not been edited by DNA staff and published from ANI)
