#TariffsPause #TariffsPause — Markets Go Wild! 🔥

President Trump has announced a 90-day pause on most new reciprocal tariffs, keeping a 10% base rate for nations that haven’t retaliated. But China wasn’t spared — tariffs on Chinese goods were cranked up to a whopping 125% in response to their trade moves.

Wall Street’s Reaction? A Full-On Party:

S&P 500 soared +9.5% — its best day since 2008!

Nasdaq exploded +12.2% — biggest jump since 2001!

Dow Jones rocketed +2,963 points (+7.9%) — the largest point gain in history!

Global Vibes:

Nikkei 225 surged over +8% in Tokyo

ASX 200 popped +4.7%, adding $121B in value — although gains cooled later in the session

Meanwhile, in Bonds:

The U.S. Treasury market saw wild swings. A major $39B auction of 10-year notes drew strong interest, calming nerves after a shaky short-term auction.

Capitol Hill Drama:

Trump’s surprise announcement during a Congressional hearing left even his own team scrambling — including Trade Rep. Jamieson Greer.

GOP lawmakers called it a “savvy reset,” while Dems slammed it as “chaotic and calculated.”

The Bigger Picture:

While markets popped, economists are cautious. The effective U.S. tariff rate is now 20%, up from just 2.4% in 2024.

Translation? Uncertainty may still weigh on hiring, investment, and overall economic momentum.

TL;DR

Trump hits pause on most tariffs (except China).

Markets rally hard, but uncertainty lingers.

Will the boost last — or is this just a sugar high?

Stay tuned for more updates on the global economic rollercoaster!