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S&P 500 soars 7% after Trump announces 90-day pause on tariffs, raises taxes on China
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Bessent reacts as Trump pauses tariffs but increases taxes on China to 125%

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%. 
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Information
Source name: 
The Associated Press
Unique identifier: CP174411573 
Legacy Identifier: 6d9b6a7e014044e4953327a9dc956206 
Type: Video 
Duration: 48s 
Dimensions: 1920px × 1080px     59.13 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 4/9/2025 5:50:46 PM 
Display aspect ratio: 16:9