After U.S. President Donald Trump's sweeping tariffs announcement on April 2, 2025, rumors began to spread that right-leaning cable news channel Fox News had removed a live stocks ticker from the bottom of its screen to hide the fact that stocks were tumbling on planned duties on imports.

Stock markets rallied in Thursday trading in response to President Donald Trump's dramatic decision to suspend planned tariffs on most American trading partners.

U.S. President Donald Trump said on Wednesday he authorized a 90-day pause as part of his tariff plan but was also raising the tariff rate for China to 125%, effective immediately.

Trump is reducing tariffs on imports to 10 percent for all countries except for China, which now has an even higher tariff.

President Donald Trump spoke about the 90-day pause on some tariffs for trading partners that did not retaliate. “I think it's going to work out amazing,” Trump said.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite spiked at least 5% following Trump’s announcement.

Canadian Prime Minister Mark Carney said Wednesday that negotiations with President Trump on the U.S.-Canada economic and security relationships will start after the Canadian federal election. “The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,

President Donald Trump announced a 90-day pause on all tariffs except for those against China, which he said would now rise to 125%.