Instant View: Investors react as stocks jump on Trump's tariff pause
Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall tariff of 10% during that 90-day period, and an increase in tariffs on Chinese imports to 125%, from the 104% that went into effect overnight. TREASURIES: U.S. Treasury benchmark yields pared gains after the tariff announcement, following a government auction of $39 billion 10-year notes that suggested good demand.