Wall Street recovers after Trump tariff pause
Pres. Trump announces a 90-day pause
WASHINGTON (Gray DC) - President Donald Trump putting a pause on most of his tariff plans Wednesday but raising taxes on China even higher. The move sending shockwaves around the world in the afternoon, including on Wall Street.
The “Truth” heard around the world. President Donald Trump announcing a 90-day pause on his sweeping tariff plan and a lower rate on reciprocal tariffs. The social media post this Wednesday afternoon immediately sending markets upwards, a complete reversal from a week of brutal losses here on Wall Street. The Dow Jones, SP 500, and NASDAQ all having their best days since the president announced his tariff plan last week. The reaction exposing one thing: it’s no secret what traders are hoping for - an end to the uncertainty and potential price hikes on consumers. But some jitters still persist with the president announcing lowered tariffs on everyone but China, now being hit with 125 percent tariffs on all of their exports to the US.
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