Overview

• President Trump announced a 90-day pause on most tariffs following significant market instability caused by his initial tariff measures.
• The financial markets rebounded strongly, with the S&P seeing its biggest gains since 2008, after the tariff pause was enacted.
• Critics, including late-night hosts, highlighted the erratic nature of the administration's tariff strategy and its economic repercussions.
• The White House reversed its stance just a day after stating that a pause on tariffs was not being considered, fueling accusations of inconsistent messaging.
• The pause was implemented without securing any concrete trade agreements, leaving future trade negotiations uncertain.