Gov. Healey, Mass. businessowners react to Trump tariff pause [Video]

A stunning turnaround took place on Wall Street on Wednesday, as stocks soared after President Donald Trump paused his tariff hikes, in most cases.The exceptions are Canada and Mexico — where a 25% tariff on goods that are not covered under the USMCA trade pact remain in effect — and China — where a 125% tariff remains in effect.Trump was asked why he reversed course on massive reciprocal tariffs just hours after they kicked in at midnight Wednesday.”I thought that people were jumping a little bit out of line, they were getting a little bit yippy, a little bit afraid,” Trump said.Wall Street investors welcomed Trump’s change in tone with relief and optimism.”I think now the market understands that everything they saw last Wednesday was a ceiling, and now we have a 10% the temporary floor, and I think the market, in my 35 years in the market, I always …