EU suspends tariffs. US keeps 10% tariffs for all. US keeps 25% on cars, metals and 125% on all Chinese good. Speculators made big money on stock market moves.

What a week.

Donald Trump realized what he promised and what economists asked since long: the US introduced tariffs on imports and drastically increased tariffs on Chinese goods.

The stock markets went crazy. First, markets lost 10% or more and since yesterday, after Trump’s softening of most tariffs, the markets returned almost to their previous levels.

The softer US tariffs made other governments like the EU not to impose reciprocal tariffs … and the markets went up a lot. The US limits tariffs to 10% for all that are willing to negotiate, not China which remains 125%

Some traders and speculators made big money, in particular, short sellers who speculated on rebounding markets.