TAIPEI (TVBS News) — U.S. President Donald Trump announced Thursday (April 10) a 90-day suspension of his controversial reciprocal tariff policy, triggering immediate surges across global markets with Taiwan's futures trading among the first to benefit. The unexpected decision halts a planned increase from 11% to 50% on imports from multiple nations, instead maintaining tariffs at just 10% during the three-month pause, offering temporary relief to international trade tensions.
The announcement unleashed historic gains in Taiwan's financial markets, creating unprecedented momentum in overnight trading. The TAIEX Futures (台灣加權股價指數期貨), Taiwan's benchmark stock index futures, locked at its upper limit during night trading for the first time ever, soaring 1,718 points to close at 18,902. TSMC (台積電), Taiwan's semiconductor manufacturing giant and a global technology bellwether, saw its futures similarly lock at the upper limit, gaining 78 points to close at 858.
Trump stated that more than 75 countries have initiated negotiations with the U.S. and avoided retaliatory measures against American goods. He simultaneously announced China-specific tariffs would spike to 125%, maintaining a hard line against Beijing while easing pressure elsewhere. The news catalyzed a historic Wall Street rally, with the Dow Jones Industrial Average skyrocketing 2,962.86 points (7.87%), the Nasdaq surging 1,857.06 points (12.16%), and the Philadelphia Semiconductor Index soaring 667.51 points (18.73%).
