#TariffsPause President Trump announced a **90-day pause** on reciprocal tariffs for most U.S. trade partners, slashing rates to **10%** to allow negotiations, while **raising China’s tariffs to 125%** over trade tensions . The move reversed earlier plans for steeper tariffs on ~90 nations, sparking a **7% surge in the S&P 500** and easing fears of a global recession .