US EditionStocks spring higher, dollar gains as Trump announces tariff pause excluding China
- President Trump announced a 90-day pause on some tariffs, excluding China, effective immediately.
- Trump's action follows concerns that wide-ranging tariffs could trigger a recession.
- The tariff increase on Chinese imports is based on a perceived lack of respect.
- Stocks soared and the dollar gained strength after the announcement on Wednesday.
- The Dow rose 2,541.92 points to 40,180.98, and the S&P 500 increased 392.26 points to 5,375.03.
11 Articles
11 Articles
US Stocks Surge After Trump's 90-Day Pause On Tariffs For Most Nations
Wall Street stocks rocketed higher suddenly on Wednesday after US President Donald Trump announced a 90-day tariff pause on all countries except China. Shortly after Trump announced his latest pivot on his Truth Social platform, the S&P 500 surged 6.0 percent higher to 5,281.44, snapping a brutal run of losses since Trump's "Liberation Day" tariff announcement a week ago.(Except for the headline, this story has not been edited by NDTV staff and …
Pound rises amid Trump's tariff U-turn
The pound was higher against the dollar, up by 0.3% to $1.2852, following US president Donald Trump’s decision to pause tariffs for 90 days in a dramatic shift that offered some relief to jittery markets. CCY - Delayed Quote • USD As of 11:39:37 BST. Market open. A possible relief rally in global equity markets, and prospect for stabilisation in the bond market, is fuel for the recovery of the pound on Thursday. Trump blamed people “getting a li…
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