The morning opened with markets rallying worldwide in response to Trump's tariff reversal from the previous evening. While most countries received a 90-day pause with a 10% baseline tariff, China faced intensified isolation as Beijing's 84% retaliatory tariffs took effect.

By midday, the EU announced it would suspend its counter-tariffs for 90 days, mirroring Trump's timeline for negotiations. The White House clarified that US tariffs on China had reached 145%, significantly higher than the previously reported 125%.

Despite global market rallies, US markets opened lower, with Trump's former Treasury Secretary calling the tariffs "the worst self-inflicted wound" on a successful economy. Trump acknowledged "transition difficulty" but promised "everything will be beautiful in the end."

The evening news shifted to a helicopter crash in New York's Hudson River, which killed six people including three children after the aircraft's blades detached mid-air. HEBREWSUMMARY: Not applicable LOCALSUMMARY: The morning opened with markets rallying worldwide in response to Trump's tariff reversal from the previous evening. While most countries received a 90-day pause with a 10% baseline tariff, China faced intensified isolation as Beijing's 84% retaliatory tariffs took effect.

By midday, the EU announced it would suspend its counter-tariffs for 90 days, mirroring Trump's timeline for negotiations. The White House clarified that US tariffs on China had reached 145%, significantly higher than the previously reported 125%.

Despite global market rallies, US markets opened lower, with Trump's former Treasury Secretary calling the tariffs "the worst self-inflicted wound" on a successful economy. Trump acknowledged "transition difficulty" but promised "everything will be beautiful in the end."

The evening news shifted to a helicopter crash in New York's Hudson River, which killed six people including three children after the aircraft's blades detached mid-air.