Trump Reverses Course on Global Tariffs, Announcing 90-Day Pause
1. Trump paused tariffs on most countries for 90 days, excluding China. 2. New tariffs on China reach 125% as tensions escalate. 3. S&P 500 surged over 9%, marking its best day since 2008. 4. Almost all stocks in the index saw gains, particularly tech and airlines. 5. Market recovery follows fears of recession linked to trade wars.