#TariffsPause
In a headline-grabbing move, President Trump has hit the brakes on most new reciprocal tariffs for 90 days — keeping a 10% base rate for non-retaliating countries. But China? No mercy. Tariffs on Chinese imports were hiked to a staggering 125%, escalating trade tensions.
Wall Street’s Reaction? Pure Euphoria:
S&P 500 jumped +9.5% — best day since the 2008 crisis
Nasdaq blasted +12.2% — biggest single-day gain since 2001
Dow Jones skyrocketed +2,963 points (+7.9%) — a historic record in raw points
Global Markets Joined the Rally:
Nikkei 225 surged +8% in Tokyo
ASX 200 gained +4.7%, adding a hefty $121B before paring gains later