#TariffsPause has injected optimism into global markets. U.S. equities experienced their most significant one-day gains in years, with the S&P 500 surging 9.5% and the Nasdaq jumping 12.2% following President Trump’s unexpected 90-day suspension of tariffs on several countries . Emerging markets also rallied, benefiting from eased trade tensions and a weaker U.S. dollar . However, while the pause offers temporary relief, the market remains cautious, awaiting clarity on long-term trade policies. Investors should stay vigilant as geopolitical developments continue to influence market dynamics.