US stocks surge as Trump suspends tariffs on countries except China

Wall Street stocks rocketed higher suddenly Wednesday after US President Donald Trump announced a 90-day tariff pause on all countries except China.

Shortly after Trump announced his latest pivot on his Truth Social platform, the S&P 500 surged 6.0 percent higher to 5,281.44, snapping a brutal run of losses since Trump’s “Liberation Day” tariff announcement a week ago.