Breaking: Trump Halts Tariffs for 90 Days: China Left Out, Global Markets in Turmoil | WATCH

President Donald Trump has declared a 90-day pause on all new "reciprocal" tariffs, excluding China, which now faces a 125% levy.

The decision triggered a massive rally on Wall Street, with the S&P 500 seeing its best day since 2008.

Trump emphasized the need to avoid hurting friendly nations.

However, economists remain cautious—Goldman Sachs warns of a 45% chance of a U.S. recession.

Despite market optimism, analysts suggest the pause may not fully counteract the economic turbulence sparked by the ongoing global trade war.

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