Summary
Global markets surged significantly following Donald Trump’s announcement of a 90-day tariff pause on most countries, excluding China, which faced a 125% tariff increase. The S&P 500 rose by 9.5%, while the Dow Jones Industrial Average gained nearly 3,000 points, and the Nasdaq jumped 12.2%. However, the World Trade Organization warned that the ongoing US-China tariff war could reduce trade between the two nations by 80%, adversely affecting the global economy.
