#TariffsPause **Economic and Market Impact**

- **Stock Market Rally**: The announcement triggered a **7% surge in the S&P 500**, reversing prior losses .

- **Global Trade Forecast**: The WTO projects a **0.2% decline in global merchandise trade in 2025**, with risks of a steeper **1.5% drop** if tariffs resume or uncertainty spreads .

- **Regional Effects**: North America faces a projected **12.6% export decline**, while trade diversion could benefit other regions like Asia