That was the reaction on the floor of the New York Stock Exchange as equities soared 7% in a matter of minutes Wednesday afternoon when news started spreading that Trump was partially halting the higher tariffs that hit dozens of America’s trading partners just after midnight.
The murmurs spread quietly at first, then exploded into a roar as the news hit — President Donald Trump was pausing the bulk of his tariffs and putting his global trade war on hold. Mostly.
“Is it real?!” said Jonathan Corpina, senior managing partner at Meridian Equity Partners. “I couldn’t believe my eyes. Everything happened so quick.”
