President Trump of the US postponed customs tariffs for 75 countries by 90 days. Following this decision, US stock markets saw the largest daily increase in 14 years. The ongoing US-China tension initiated a record surge in gold. With the announcement that President Donald Trump halted additional tariffs for all trade partners except China for 90 days, global markets are displaying a positive trend with increased risk appetite. Trump’s recent remarks on tariffs have somewhat reassured investors concerned about the economic impacts of the US trade policy. Trump shared on his Truth Social media account that they had contacted more than 75 countries regarding finding solutions on trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. Trump stated that these countries had not retaliated against the US in any way, approving the halt of additional tariffs for 90 days and applying the basic 10% tariff rate during this period. However, Trump announced an increase in the tariff on China to 125 percent. Speaking from the Oval Office, Trump mentioned, “I can say that I’ve been thinking about this matter over the last few days. We took this decision wholeheartedly.” Expressing surprise at the significant impact of the customs tariff halt on the markets, Trump stated, “I didn’t know that customs tariffs hiatus would have such an effect on the markets. The markets had a great day today.” Trump hinted at the possibility of talking on the phone with Chinese President Xi Jinping, saying, “We will talk on the phone at some point.” He also mentioned, “I like President Xi, I respect him, but they have not been good to our country. He’s my friend, I like him.” Trump expressed his desire to meet and talk with President Xi, reaffirming their readiness to make customs and trade deals with everyone, including China, provided fairness. Analysts noted that uncertainties surrounding Trump’s tariff policy persist, but the 90-day postponement was positively received for allowing negotiations. Following these developments, the VIX Index, also known as the fear index, fell by over 35%, dropping to 33.62. After Trump’s declaration regarding the reciprocal tariff postponement, the S&P 500 index gained 9.52%, the Nasdaq index increased by 12.16%, and the Dow Jones index rose by 7.87% on the New York Stock Exchange yesterday. Index futures contracts in the US began the new day with a mixed trend. The Dow Jones index showed the largest increase since March 2020, while the S&P 500 index obtained its most substantial daily gain since 2008. The Nasdaq index also experienced its largest daily increase since January 2001 and the second-highest gain in its history. The shares of the companies dubbed the Fabulous Seven surged following Trump’s announcement. Amazon’s shares increased by 11.98%, Meta’s by 14.76%, Nvidia’s by 18.72%, Alphabet’s by 9.88%, Microsoft’s by 10.13%, Apple’s by 15.33%, and Tesla’s by 22.69%. With these developments, the bond markets leaned towards buying, and the US 10-year bond yield currently stands at 4.28%. The dollar index balanced at 102.7 with a 0.3% decrease. Ounce gold prices currently trade over 3,130 dollars with a 1.5% increase, while Brent crude oil prices stand at 64.5 dollars per barrel with a 1.5% decrease. European stock markets saw negative movements yesterday, with the DAX 40 in Germany dropping by 3%, the CAC 40 index in France by 3.34%, the FTSE 100 index in the UK by 2.92%, and the FTSE MIB 30 index in Italy by 2.75%. Futures contracts in European indexes started the new day positively. In Asia, risk appetite was lively today, as the Nikkei 225 index in Japan rose by 8.6% and the Kospi index in South Korea by 5.7%, while the Hang Seng index in Hong Kong increased by 1.7% and the Shanghai Composite index in China by 0.9%. After the decision, according to data from the analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, reached 2 trillion 630 billion dollars. Bitcoin’s price rose by over 7% in the last 24 hours, surpassing 82,000 dollars. Ethereum, the market’s second-largest asset, also reached over 1,600 dollars.