In a significant move affecting global trade, President Trump announced a 90-day pause on tariffs for non-retaliating countries while simultaneously raising tariffs on Chinese imports to 125%. The announcement led to a surge in U.S. stock markets, with the Dow jumping over 2,300 points, marking one of the largest rallies in years. The decision to pause reciprocal tariffs aims to ease trade tensions, though it comes amid ongoing disputes with China, which recently increased its own tariffs on U.S. goods. Financial markets reacted positively, with the S&P 500 and Nasdaq also witnessing substantial gains, as investors interpreted the tariff pause as a potential easing of the trade war.