U.S. stocks jumped after President Donald Trump said he has authorized a 90-day pause on reciprocal tariffs for all trading partners except China.
The president announced Wednesday afternoon on his Truth Social platform that reciprocal tariffs will also be lowered to 10%, effective immediately.
That won't be the case for China, which now faces a 125% tariff, Trump said.
Write to Dean Seal at dean.seal@wsj.com