President Trump postponed customs tariffs for 90 days for 75 countries, resulting in the largest daily surge of 14 years in the U.S. stock markets. The ongoing tension between the U.S. and China led to a record race in gold trading. Globally, following President Donald Trump’s announcement of the suspension of additional tariffs for trade partners excluding China, with an increased appetite for risk, a positive trend is emerging in the markets. Trump’s recent statements regarding tariffs somewhat eased investors concerned about the economic impacts of the U.S. trade policy. Through his Truth Social media account, Trump shared that over 75 countries have reached out to them to find solutions on issues such as trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. Trump mentioned that these countries did not retaliate against the U.S. and agreed to halt additional tariffs for 90 days, allowing the application of a 10% basic tariff rate during this period. However, Trump announced that the tariff imposed on China has increased to 125%. In statements at the Oval Office, Trump spoke about the decision to pause tariffs for countries that did not retaliate, stating, “I can say that over the past few days, I have been considering this issue. We made this decision from the heart.” Trump, surprised by the effectiveness of the halt on customs tariffs in the markets, said that markets had a fantastic day today, witnessing one of the biggest leaps in history. Will Trump Meet with China? Trump hinted at a possible meeting through a phone call with Chinese President Xi Jinping, stating, “At some point, we’re going to speak on the phone.” He added, “I do like President Xi, I do respect him, but they haven’t been good to our country. He’s my friend, I like him.” Expressing his desire to meet and talk with President Xi, Trump reiterated that they were ready to make customs and trade agreements with everyone, including China, if it is fair. Analysts noted that uncertainties persist regarding Trump’s tariff policy, but the 90-day delay is seen positively as it allows room for negotiations. After these developments, the VIX Index, also known as the fear index, declined by over 35% to 33.62. Following Trump’s announcement of reciprocal tariff deferrals, the S&P 500 index increased by 9.52%, the Nasdaq index by 12.16%, and the Dow Jones index by 7.87% on the New York Stock Exchange yesterday. Index futures in the U.S. started the new day with a mixed trend. The Dow Jones index showed its biggest increase since March 2020, while the S&P 500 index achieved its largest daily gain since 2008. The Nasdaq index recorded its biggest daily increase since January 2001 and its second-highest gain in history. Technology Stocks Soar Shares of companies known as the Fab 7 surged following Trump’s announcement. Amazon’s shares increased by 11.98%, Meta’s shares by 14.76%, Nvidia’s shares by 18.72%, Alphabet’s shares by 9.88%, Microsoft’s shares by 10.13%, Apple’s shares by 15.33%, and Tesla’s shares by 22.69%. With these developments, a buying trend became prominent in bond markets, while the U.S. 10-year Treasury yield dropped to 4.28%. The dollar index stabilized at 102.7, down by 0.3%. Oil Recovers The price of gold is currently trading above $3,130, up by 1.5%, while the barrel price of Brent crude oil is at $64.5, down by 1.5%. Positive European Markets DAX 40 in Germany dropped by 3%, CAC 40 in France by 3.34%, FTSE 100 in the UK by 2.92%, and FTSE MIB 30 in Italy by 2.75% yesterday. Index futures in Europe started the new day with a positive trend. Asia’s Risk Appetite is High The Nikkei 225 index in Japan rose by 8.6%, Kospi index in South Korea by 5.7%, Hang Seng index in Hong Kong by 1.7%, and Shanghai Composite index in China by 0.9%. Bitcoin Above $82,000 Following the decision, according to data from the analysis firm Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, reached $2.63 trillion. Bitcoin’s price increased by over 7% in the last 24 hours, surpassing $82,000. The market’s second-largest asset, Ethereum, also crossed $1,600.