Mere minutes after President Donald Trump announced a 90-day pause on tariffs for more than 75 trading partners that did not retaliate, the stock market is booming.
The S&P 500 was up 8.3% with less than an hour remaining in trading, approaching one of its best days in decades. The Dow surged 2,600 points, its biggest rally in five years.
“I have authorized a 90 day PAUSE,” Trump announced.
Treasury Secretary Scott Bessent said Trump’s negotiating strategy succeeded because it brought more than 75 countries to the table.
“It took great courage, great courage for him to stay the course until this moment, and it ended up here,” Bessent told reporters. “As I told everyone a week ago in this very spot, ‘Do not retaliate, and you will be rewarded.’ So every country in the world wants to come and negotiate. We are willing to hear you. We’re going to…
