Stocks soar as Trump backtracks on some tariffs

Facing a global market meltdown, US President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days – while also raising his tax rate on Chinese imports to 125 percent, effective immediately. Read our liveblog to see how all the day's events unfolded.

Stocks soar as Trump backtracks on some tariffs
Facing a global market meltdown, US President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days – while also raising his tax rate on Chinese imports to 125 percent, effective immediately. Read our liveblog to see how all the day's events unfolded.