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.

A photo of Trump administration trade representative Jamieson Greer looking baffled as he finds out that President Donald Trump changed his mind on reciprocal tariffs in the middle of a congressional hearing is making rounds on social media.

President Donald Trump offered some financial advice on Wednesday morning that ended up making a lot of money for any lucky investor who listened to him.

The bond market movements raised fears that investors were ditching U.S. government bonds amid a gathering panic over Trump’s assault on global trade.

U.S. stocks surged on Wednesday after President Donald Trump temporarily pulled back on most tariffs, deescalating trade war

U.S. Trade Representative Jamieson Greer testifies before the House Ways and Means Committee as President Donald Trump announces 90 day pause on tariffs and raises tax rate on Chinese imports to 125%.

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.

President Donald Trump announced Wednesday a 90-day pause to tariffs as he begins negotiations with other nations. Exempt from the pause are nations like China, who have retaliated to the tariffs.

U.S. President Donald Trump on Wednesday abruptly paused part of his tariff assault on global trading partners, dialing back duty rates on goods from many countries for 90 days to allow room to negotiate lower trade barriers,

U.S. stocks soared to one of their best days in history on a euphoric Wall Street after President Donald Trump said he would back off on most of his tariffs temporarily. The S&P 500 soared 9.5% Wednesday,

President Trump announced a 90-day pause on tariffs for 75 countries that he said contacted the White House to negotiate new trade deals. But, the president also raised tariffs on imports from China to 125 percent,

U.S. President Donald Trump said that he warned Taiwan Semiconductor Manufacturing Company (NYSE:TSM) that it would face a tax of up to 100% if it did not build its factories in the U.S. Speaking at a Republican National Congressional Committee event,

President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company it would pay a tax of up to 100 percent if it didn't build its plants in the United States Speaking to an event at the Republican National Congressional Committee,

"All I did is say, 'If you don't build your plant here, you are going to pay a big tax. Twenty-five, maybe 50, maybe 75, maybe 100%,'" Trump said of TSMC.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125%.

China had raised its duty on American goods to 84% in tit-for-tat hikes that threaten to disrupt trade between the world’s two largest economies.

Beijing also added an array of countermeasures after U.S. President Donald Trump raised the total tariff on imports from China to 104%.

President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100% if it did not build its plants in the country.

Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed off his tariffs on most nations for 90 days even as he further jacked up the tax rate on Chinese imports to 125%.

The 10% global baseline levy for all imports will stay in effect.

US Steel (NYSE:X) +1.1% pre-market Wednesday after activist investor Ancora Holdings said it would withdraw its director nominations for the company's upcoming annual meeting, following President Trump's initiation of a new CFIUS review of the sale to Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF).

This comes a day after U.S. Steel said Ancora Holdings, which owns less than 1% stake in the company, claims to be in support of the transaction following its previous attempts to undermine the planned merger.

Shares of U.S. Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion

President Trump on Wednesday ratcheted up long-running tensions around the fate of U.S. Steel, reiterating that the steelmaker should remain an American company. U.S. Steel shares tumbled more than 11% in after-hours trading.

Shares of United Steel Corp. Steel fell Wednesday after President Donald Trump renewed his opposition to the sale of the American steel producer to Japan’s Nippon Steel Corp., according to published reports.

US Steel (NYSE:X) -15.2% post-market Wednesday after President Trump said he does not want to see the company taken over by Japan. "We love Japan but US Steel is a very special company," Trump reportedly said.