Overview

• President Trump announced a 90-day pause on most tariffs, reducing them to 10% for most countries, while raising tariffs on Chinese imports to 125%.
• The U.S. stock market experienced a historic rally, with the S&P 500 climbing 9.52%, the Dow Jones rising 7.87%, and the Nasdaq surging 12.16%, marking some of their best single-day performances in history.
• S&P 500 futures and other index futures showed minimal changes in after-hours trading, reflecting a stabilization following the dramatic rally.
• Economic experts, including Mohamed El-Erian, expressed concerns about potential volatility and uncertainty once the 90-day tariff pause ends.
• The sharp tariff increase on Chinese goods maintains significant trade tensions, even as most countries benefit from the temporary reduction.