Trump Pauses Most Tariffs, Markets Surge

The S&P 500 experienced a significant surge, climbing 9.5%—its largest daily gain since 2008—after President Donald Trump announced a 90-day pause on tariffs for most countries, providing relief to investors concerned about U.S. trade policies. This pause excludes China, which will face increased tariffs at 125% due to ongoing trade tensions. Trump's decision followed market instability and was influenced by nervousness in the bond market, as he emphasized the need for flexibility in trade negotiations. The tariff pause has been met with varied reactions from the American public, who have expressed concerns over the impact on their daily expenses amidst growing fears of stagflation. Nonetheless, Trump remains optimistic about reaching trade agreements with all countries, including China. The move has been seen as a strategic step to stabilize the markets, with investors hopeful for future trade resolutions.