In a magical turn of events Wall Street Soars as Trump Pauses Tariffs for 90 Days — Markets Breathe a Sigh of Relief. A 90-day pause was announced by U.S. President Donald Trump on his controversial “reciprocal tariffs.” This turn of event sent shockwaves through global financial markets, and the pause was announced for nearly 60 countries. This dramatic move caused one of the biggest one-day rallies on Wall Street in decades, and investors reacted with euphoria and markets across the globe followed suit.