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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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Trump pauses new tariffs on China for 90 days

Reaching a pact with China remains unfinished business for U.S. President Donald Trump, who has already upended the global trading system by slapping double-digit taxes – tariffs – on almost every country on earth. 
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Source name: 
The Associated Press
Unique identifier: CP174860570 
Legacy Identifier: 38a43fe852e64424a0175b5b3e243ae3 
Type: Video 
Duration: 1m0s 
Dimensions: 1920px × 1080px     74.32 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 8/12/2025 9:54:30 AM 
Display aspect ratio: 16:9