Tesla, Elon Musk Get Good News After 90-Day Tariffs Announcement

The newly-imposed United States tariffs that were implemented shortly after midnight on April 9 are being paused for more than 75 U.S. trading partners who did not retaliate against the tariffs when they went into effect. That's a big change from the White House's stance on tariffs just a few days ago, and the markets are reacting to it.

It's worth noting that the 90-day pause does not apply to China, since they had imposed retaliatory tariffs. In fact, U.S. tariffs on China will now climb to a total of 125%, effective immediately.