Trump Withdraws Tariffs as Wall Street Reacts

President Donald Trump announced a surprising 90-day pause on severe tariffs previously set for April 9, which has caused mixed reactions on Wall Street. Following this announcement, market indexes experienced volatility, initially showing hope for a delay on tariffs before losing momentum as confidence waned. Trump's tariffs have already resulted in significant market declines, with the S&P 500 losing 10.5% over two trading sessions, the steepest drop since major historical sell-offs. Analysts suggest that while the tariff proposals were anticipated, their breadth and timing caught investors off guard, leading to fears of increased economic risks. Experts warn that the fluctuating trade policies may intensify uncertainty for companies with global operations, affecting consumer and corporate confidence. Amidst these developments, over 50 countries have reached out to the U.S. for negotiations to alleviate the impacts of the tariffs.