‘Permanent damage has been done,’ portfolio manager warns, as markets rejoice following Trump’s tariff freeze

• No one is outside the forest yet, even with the depiction of the main indexes After the position of president Trump, he announced the cessation of customs tariffs, and statements by Treasury Secretary Scott Besent, the reassuring markets that the United States is not in a commercial war. Ultimately, temporary stopping will provide an elevator temporarily days after the global market massacre, but still uncertainty remains.

The dreaded red color turned green after President Trump pressed to stop – albeit temporarily, for 90 days – on his definitions in a social position in fact on Wednesday. Trump said that during the freezing of the customs tariff, the global tariff will be 10 % in effect.

Jenna Bulfin, head of wealth management in Bulvin, said in a statement that the direct positive reaction shows that the announcement was “the central moment we are waiting for.” Investors believe that Trump stops a step towards further clarity over the commercial policy of the administration.

Bulpin said the timing “cannot be better” given the major financial institutions including New York Mellon Bank, Black Rock, GB Morgan Chase, and Wales Vargo’s profits on Friday.

“This temporary interruption may provide companies a clearer background for their directions, which provides some comfort for a hungry market for guidance.”

However, only temporary stop now. Moreover, the Trump administration gave China from its temporary withdrawal, which will now witness an increase in the customs tariff rate to 125 % “based on the lack of respect” that Chinese leaders have shown by the United States, the president wrote on social media.

“At some point, we hope in the near future, China will realize that the days of tearing the United States of America and other countries are no longer sustainable or acceptable,” Trump wrote in the Wednesday Post newspaper.

However, there was no word about what would happen after a halting 90 days, which means that the fluctuation may be at the forefront. Some investors will now have to respond to the measures they have taken this week to stop the bleeding.

Bulfin wrote: “I am sympathetic to those who sold yesterday and now watching the recovery from the side lines.” She added that the long -term disciplined strategy that can stand up to Whipsaw, which depends on the main headlines, is the best during unexpected times.

Jake Schurmeer, a wallet manager in Harbour Capital and a former member of the New York Reserve Markets Group in New York, said the stopping news was good, but it does not eliminate comprehensive uncertainty.

“We are likely to go up to a few days, but I think it has occurred permanently,” said Shormeer luck.

Mark Hamrik, the great economic analyst in Bencrit, said in a statement, it is clear that investors are adopting a “ceasefire”, but they will have to know whether negotiations between the United States and other countries are successful.

Treasury Secretary Scott Payett said that the negotiations between the administration and each country will be “custom”, but it provided minimal details on how these negotiations appear and what the successful result may appear.

According to Hamerik, the “bloodshed in the financial markets” and the “virtual buyers strike” that appeared successful stocks, bonds, and dollars.

Hamrik wrote in a statement: “The rise in the return of the treasury note, which lasted 10 years, was launched from the alarm bells,” Hamrik wrote in a statement. “Something similar to the worst scenario has been delayed, if not avoided.”

“Now, the focus turns into what is happening with dozens of countries including China.”

This story was originally shown on Fortune.com

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2025-04-09 19:27:00