#TariffsPause President Donald Trump announced a 90-day pause on most U.S. tariffs, providing temporary relief to global markets. However, tariffs on Chinese imports were increased to 125%, intensifying trade tensions between the two nations. The announcement led to a significant rise in U.S. stock markets, with the S&P 500 climbing 9.5% and the Nasdaq jumping 12.2%, marking their largest one-day gains in years.