“Stocks soared on Wednesday after President Trump abruptly announced he would back down on his ‘reciprocal’ tariffs for 90 days,” the New York Times reports.
Wall Street Journal: “U.S. stocks rocketed higher Wednesday to their best day in years after President Trump jolted investors with announced that he had authorized a 90-day pause on certain tariffs to most countries.
”“The about-face in the expanding trade war by its main actor jolted investors who had previously been fleeing for the sidelines.”
CNBC: “White House advisors claim the flip flop was always the strategy, suggesting that the past week of massive tariffs that triggered huge market losses was all for show.”