Donald Trump has Temporarily Lifted Tariffs for 90 Days: US President Donald Trump on April 2, 2025 created a stir in global trade by announcing the ‘Reciperookal Tariff’ ie ‘Reciperookal Tariff’ against many countries of the world.
Relief for 75 countries, strictness on ChinaMusk and Zuckerberg got big advantage
The tariff affected the stock markets in many countries including India, causing heavy losses to investors. However, Trump has now announced more than 75 countries including India to give 90 days relief from this tariff, giving a positive atmosphere in the global markets.
Relief for 75 countries, strictness on China
Trump announced via social media that more than 75 countries that did not oppose his tariff nor retaliated will be given relief from tariffs for 90 days. These countries will now apply only 10% recipe -rocked tariff, and this decision has come into force with immediate effect.
On the other hand, Trump has taken a tough stance against China to increase the tariff to 125%, which is expected to increase tension in global trade.
Musk and Zuckerberg got big advantage
Trump’s decision showed a boom in the US stock market as well as global markets. Especially Alan Musk’s electric vehicle company Tesla and Mark Zuckerberg’s Meta (Facebook, Instagram, and the original company of WhatsApp) bounced. On 10 April 2025, Tesla’s share price stood at $ 252.4 and Meta was $ 546.29.
According to Bloomberg, Musk benefited from about $ 36 billion (about Rs 3 lakh crore) and Zuckerberg benefited from $ 26 billion (about Rs 2.2 lakh crore) from this surge. Earlier, after the announcement of tariffs, investors suffered heavy losses due to the chaos in the markets.
