Trump pauses plans to hike US tariffs on most countries except China
1. Trump pauses new tariffs for three months, calming market fears. 2. S&P 500 surged by 9.5%, marking its largest gain since 2008. 3. China retaliates with increased tariffs of up to 84% on US goods. 4. Walmart and Delta warn of profit instability due to new tariffs. 5. Market volatility raises recession concerns, according to financial leaders.