- No one is out of the woods yet, even as major indexes shot up following President Trump’s Truth Social post announcing a pause on tariffs, and remarks from Treasury Secretary Scott Bessent reassuring markets that the U.S. is not in a trade war. Ultimately, the pause will provide a temporary lift after days of global market carnage, but rampant uncertainty remains.
The dreaded red turned green after President Trump pressed pause—albeit temporarily, for 90 days—on some of his tariffs in a Truth Social post on Wednesday. During the tariff freeze, a 10% universal tariff will be in effect, Trump said.
