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The Maltese Herald

“Walter Bloomberg” was right: stock markets rebound as Trump announces 90-day tariff reprieve

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Maltese Herald
in , ,

Stock markets have rebounded adding more than $4 trillion in value after President Trump announced a 90-day reprieve for his global tariff war lowering US tariffs on most countries to just 10%. However, President Trump added tariffs on China will remain and will increase to the tune of up to 125% after China retaliated with its own tariffs.

President Trump front-ran his announcement by posting a message on Truth Social saying “This is a good time to buy”. The stock market went immediately up on the message.

Last week, the pseudonymous account of Walter Bloomberg, announced that President Trump was to announce a 90-day reprieve of his global tariffs, but the news was denied soon after. The market bounced heavily up before it went down again after the news was denied.

US Treasury Secretary Scott Bessent applauded the end result of the tariff war saying China had put itself in a bad position while the US is supporting “allies” who did not retaliate against President Trump’s tariffs.

 

 

 

 

 

 

Comments

3 responses to ““Walter Bloomberg” was right: stock markets rebound as Trump announces 90-day tariff reprieve”

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  2. Joe avatar
    Joe

    There appears to have been market manipulation just before trump announced the pause. You should look into it.

    Reply
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