#TariffsPause

Global financial markets experienced a significant surge after President Donald Trump announced a 90-day pause on most tariffs, excluding China. The S&P 500 rose by 5.6% and the Nasdaq jumped over 8%, marking one of the market’s strongest performances since WWII. Trump’s temporary pause will impose a uniform 10% tariff on most countries, while tariffs on Chinese goods have been hiked to 125%. This policy shift follows growing global concern, with China retaliating by increasing tariffs on U.S. imports to 84%. The EU and other nations announced counter-tariffs, worsening trade tensions. Meanwhile, Trump's pre-announcement social media post prompting investors to “buy” has raised concerns about ethics and securities violations. The administration insists the move reflects Trump's long-term strategy to pressure global competitors into negotiations. Additionally, Trump signed multiple executive orders, including deregulations on energy and water usage standards. Ethicists and trading partners alike remain wary, with world leaders urging negotiations to avoid a global recession.

Tánaiste Simon Harris has urged for a "mature and rational debate" following U.S. President Donald Trump's decision to pause global tariffs for 90 days. Speaking in Washington, Harris emphasized the importance of protecting jobs and livelihoods and advocated for negotiations