After Donald Trump won the general election, the US stock market continued to range in high level, with several record highs even there is still problem in fentanyl concerning Mexico and Canada. In mid Feb it went down because of the Liberation Day in April. It was a horrible deadline. At first Trump said he would not care the ups and downs of stock market, but if it continue to go down and made a crash in early April, he really could not bear.
On April 9, he announced for a 90 day tariff pause. The deadline should be on July 9. On July 7, he disclosed in Truth Social that the tariff of Japan and Korea will be 25% and others will be from 25-40% with effective on Aug 1. That means now they are having a grace period of negotiation.
It is believe another deadline will be on Labor Day of September 1. Anyway, negotiation will only let tariff going down and not going up. It should be good news to market. Meanwhile, it is also considered as good news to economy since the first half of this year, people were worrying over tariff would bring about recession. But now, since Trump greatly cut down his level of tariff to every country, so the effect was not so horrible. The stock crash in March and April would not come again, for if the market goes down a little, people would think it is a good chance to buy. Any retreat would just bring about good chance to buy in.
Rainy days are gone and sunny days are coming, in the first half of this year, tariff is considered as bad news for market, but the second half, anything concerning tariff is good news. Mind that market sentiments already changed.