Global markets reacted sharply after U.S. President Donald Trump raised China tariffs to 125% in a surprise announcement on Truth Social, while delaying new tariffs for other countries by 90 days.
Bitcoin climbed 5.6% to $81,636 within an hour of the announcement, reflecting broader market optimism. In his post, Trump said tariffs on Chinese imports would rise to 125% immediately, claiming China had failed to respect global market rules.
During the 90-day window, Trump authorized a temporary reciprocal tariff of 10% for participating countries.
Alongside the China tariffs hike, Trump announced a 90-day delay for other countries, noting that over 75 nations were in discussions with U.S. officials about trade concerns such as currency policies and non-monetary barriers.
It is not yet clear whether any countries other than China will face tariffs above 10% once the 90-day delay ends. Trump’s message did not offer further specifics, though it implied that countries willing to negotiate could avoid harsher penalties.
U.S. markets rallied on the news. The S&P 500 gained over 5.5%, while the Nasdaq rose more than 8%.