U.S. Stocks Surge as Trump Pauses Some Tariffs

U.S. stock markets surged on Wednesday following President Trump's announcement of a 90-day pause on certain tariffs, excluding China, leading to a 125% increase in tariffs on Chinese imports. This development brought significant relief to various sectors, including tech, automotive, and toy stocks, which had been under pressure due to previous tariff hikes. The S&P 500 jumped nearly 8%, while the Dow Jones Industrial Average rose 6.6%, and the Nasdaq composite increased by 9%. The president's decision to ease tariffs for countries that did not retaliate against the U.S. aims to stabilize markets amidst fears of a recession caused by ongoing trade wars. Despite the positive market reaction, tensions remain high with China, which has retaliated with its own tariff increases. Wall Street's recent volatility reflects the uncertainty surrounding international trade policies and their economic impacts.