TRUMP ANNOUNCED 90-DAY RECIPROCAL TARIFF PAUSE WITH 10% RATE DURING THIS PERIOD FOR NON-RETALIATING COUNTRIES

Tariffs paused for 90 days on non-retaliating countries

S&P 500 EXTENDS SURGE TO 7.3%, NASDAQ 100 SOARS 8.9%

TREASURY SECRETARY BESSENT: MEXICO AND CANADA INCLUDED IN 10% TARIFF

Bessent: 90-Day Pause Because Trump Wants To Be Involved; Pause Gives Time To Negotiate, Pause Is Not Because Of Market Reaction; It Was Trump's Decision To Wait Until Today; Market Didn't Understand Trump's Maximum Level Tariffs

Bessent: This was Trump's strategy all along, you might even say he goaded China into a bad position. He told me strategy on Sunday.

Trump on the markets: "Up 2500 points. Nobody has ever heard of it. Gotta be a record."

Trump: I put a pause on Tariffs because people were jumping out of line; They were getting a little bit yipee. Little bit afraid. I have reversed tariffs for a short period of time.

Trump: Nothing's over yet but countries want to make deals; A Deal Could Be Made With Everyone, It has to be fair for US

Trump: Tariffs working out maybe faster than I thought

Trump: will look at exempting some US companies from tariffs

Trump: I am using instinct on such decisions, you have to have flexibility

Trump: I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. But, I saw last night where people were getting a little queasy

Update: Trump expected to hold cabinet meeting on April 10.

NO CHANGE TO CANADA, MEXICO TARIFFS: US OFFICIAL

*NO CHANGE TO AUTOS, STEEL, AND ALUMINUM TARIFFS

TRUMP: RECORD DAY ON STOCK MARKET SHOULD CONTINUE

*S&P 500 CLOSES UP 9.52%, LARGEST ONE DAY GAIN SINCE OCTOBER 2008

*NASDAQ COMPOSITE CLOSES UP 12.16%, 2ND LARGEST ON RECORD

*APPLE, NVIDIA, MICROSOFT, AMAZON, TESLA AND META ALL JUMP AT LEAST 10%

WHITE HOUSE OFFICIAL: 90-DAY 'PAUSE' ON TARIFFS DOES NOT APPLY TO TARIFFS ON CANADA, MEXICO; 25% TARIFF ON NON-USMCA TRADE WITH CANADA, MEXICO TO REMAIN IN EFFECT, EXCEPT FOR 10% TARIFF ON ENERGY AND POTASH

WHITE HOUSE OFFICIAL: TARIFFS ON STEEL, ALUMINUM, AUTOS TO ALSO REMAIN UNCHANGED

TRUMP: DIDN'T KNOW TARIFF PAUSE WOULD HAVE THAT IMPACT ON MARKET

Trump: "The biggest increase in the history of the stock market. That's pretty good. If you keep going, you're gonna be back to where it was four weeks ago."

TRUMP: SECTORAL TARIFFS STILL COMING

TRUMP: GOING TO PUT TARIFFS ON PHARMA COMPANIES

TRUMP: I 'CAN'T IMAGINE' FURTHER INCREASE OF TARIFFS ON CHINA

Trump: "I can't imagine it, No, I don't think we'll have to do it more. We, you know, we calculated it very carefully"

US CPI MOM ACTUAL -0.1% (FORECAST 0.1%, PREVIOUS 0.2%)

US CPI YOY ACTUAL 2.4% (FORECAST 2.5%, PREVIOUS 2.8%)

US CORE CPI YOY ACTUAL 2.8% (FORECAST 3%, PREVIOUS 3.1%)

US CORE CPI MOM ACTUAL 0.1% (FORECAST 0.3%, PREVIOUS 0.2%)

US INITIAL JOBLESS CLAIMS ACTUAL 223K (FORECAST 223K, PREVIOUS 219K)

US CONTINUED JOBLESS CLAIMS ACTUAL 1.850M (FORECAST 1.884M, PREVIOUS 1.903M)

*Atlanta Fed Barkin doesn’t see the impact of tariffs showing up until June as firms first run down existing inventories.

*Amazon CEO on Tariffs: We have done some strategic forward inventory buys; Thinks sellers will pass cost on to customers.

*Apple chartered cargo flights to ferry 600 tons of iPhones/1.5M iphones to US from India to beat tariffs.

US TARIFFS ON CHINA NOW AT LEAST 145% AFTER LATEST HIKE

NASDAQ 100 SELLOFF DEEPENS TO 6.3%; S&P 500 FALLS 5.5%

TRUMP THREATENS ADDITIONAL TARIFFS, SANCTIONS ON MEXICO OVER WATER RIGHTS

CHINA TO INCREASE TARIFFS ON US GOODS TO 125% FROM 84% EFFECTIVE APRIL 12

CHINA: WILL IGNORE US IF IT KEEPS IMPOSING TARIFFS FURTHER (Earlier Trump said "I Can't Imagine Further Increase of Tariffs on China")

*CHINA: IT NO LONGER MAKES ECONOMIC SENSE IF US IMPOSES MORE TARIFFS; IF US INSISTS ON CONTINUING TO SUBSTANTIALLY INFRINGE UPON CHINA'S RIGHTS, INTERESTS, CHINA WILL RESOLUTELY COUNTERATTACK AND FIGHT TO THE END

The Week Ahead | @infinityhedge

Mon/14:
•Trump to provide details on Semiconductor tariffs
•Saylor expected to announce BTC purchase
•FTC vs Meta Trial: It could force meta to unwind its acquisition of WhatsApp & Instagram
•Katy Perry & five other women incl. Bezos's fiancée are set to blast into space on Blue Origin rocket at 14:30 BST

Tue/15: Tax Day

Wed/16:
•Fed Chair Powell Speaks at 13:30 ET
•WTO to release global trade forecasts

Fri/18: Good Friday: markets closed

Sat/19: Protests against Trump and his policies all over the U.S.

WHOLE WEEK:
•Trump Tariffs, More Details
•Bank Earnings
•OpenAI‘s Announcement Week: New Models, Might Open Source some Model

Reads and charts are in group

Earlier Today:
TRUMP: MARKETS VERY STRONG ONCE THEY GOT USED TO TARIFFS

TRUMP: NVIDIA'S ANNOUNCEMENT TO MANUFACTURE AMERICAN MADE AI SUPERCOMPUTERS IN US FOR FIRST TIME CAME BECAUSE OF THE ELECTION AND TARIFFS

TRUMP ON EXEMPTIONS: LOOKING AT HELPING CAR COMPANIES WITH TARIFFS, COMPANIES NEED A LITTLE BIT OF TIME; I'M A VERY FLEXIBLE PERSON. I DON'T CHANGE MY MIND, BUT I'M FLEXIBLE

TRUMP: CHINA, VIETNAM MEETING TO FIGURE OUT HOW TO HURT US

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*US STARTS CHIPS, PHARMA PROBE AHEAD OF PLEDGED TRUMP TARIFFS
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Latest:
BESSENT: TARIFFS ON CHINA ARE 'FAR FROM A JOKE'; TARIFFS ON CHINA ARE BIG NUMBERS, NO ONE THINKS THEY'RE SUSTAINABLE AND WANTS THEM TO REMAIN

US TREASURY SECRETARY BESSENT: THINKING ABOUT SUCCESSOR FOR FED'S POWELL, WILL START INTERVIEWING CANDIDATES IN THE FALL

BESSENT: THE VIX SPIKED, AND HAS LIKELY PEAKED

US TO IMPOSE 21% DUTY ON MEXICO TOMATOES STARTING JULY 14

CHINA ORDERS HALT TO BOEING JET DELIVERIES AS TRADE WAR EXPANDS

BINANCE CRYPTO EXCHANGE DOWN DUE TO A TEMPORARY NETWORK INTERRUPTION IN THE AWS DATA CENTER

BINANCE: TO KEEP SAFE WE SUSPEND THE WITHDRAW SERVICE

MEXC EXCHANGE DOWN
KUCOIN EXCHANGE DOWN
RABBY WALLET DOWN

UPDATE: BINANCE: ALL SERVICES ARE STARTING TO RECOVER AND RESUME. WITHDRAWALS HAVE ALSO REOPENED

EU EXPECTS US TARIFFS TO REMAIN AS TALKS MAKE LITTLE PROGRESS