In a dramatic shift of tone, Trump’s 90-Day Tariff Pause Sparks Global Market Rebound, But China Hit with 125% Tariff. A 90-day pause was announced by U.S. President Donald Trump on his sweeping reciprocal tariffs affecting dozens of nations. This move was made amid market instability and growing global economic backlash while China was excluded with an eye-watering tariffs spike of 125%. A powerful global market rally was triggered by the unexpected announcement particularly across Asia and Wall Street.