Why US markets shot up like a rocket after Trump's tariffs pause

The S&P 500 index soared 9.5% in the biggest one-day rally since 2008, following days of turmoil sparked by the tariffs.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcastsRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersWatch: Why US markets skyrocketed after Trump tariffs pauseUS markets shot up like a rocket on Wednesday after US President Donald Trump issued a 90-day pause on the implementation of higher tariffs, meaning a "universal 10%" levy will be in place for most countries.

But the US president hit China with even higher tariffs of 125% due to "their insistence on escalation", according to the Trump administration.

The S&P 500 index soared 9.5% in the biggest one-day rally since 2008, following days of turmoil sparked by the tariffs.

The BBC's North America Business Correspondent Michelle Fleury explains Wednesday's US market shifts from Wall Street.

ShareSaveWatch: Starmer says UK will keep 'cool head' after tariff announcement The prime minister told the UK's biggest business leaders a trade war with the US is not in the UK's national interest.

https://www.bbc.com/news/videos/cvgnnw15z83o

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