00:00European markets staged a historic rally in early morning trading on Thursday,
00:05tracking Wall Street's euphoric surge after U.S. President Donald Trump
00:09unexpectedly announced a 90-day pause on tariffs.
00:14The Eurostoxx 50, which tracks blue-chip companies across the Eurozone,
00:18jumped up to nearly 5,000 points on pace for its strongest session since March 2020.
00:24National indices across the continent saw similarly powerful gains
00:28with Germany, Europe's biggest economy, seeing its DAX rallying to 8.5%.
00:34Asian markets also soared, with Japan's benchmark jumping more than 9%.
00:40Trump on Wednesday said the 90-day pause in the tariffs was for countries
00:44that have not retaliated against Washington's trade measures, excluding China.
00:49U.S. tariffs on Chinese imports were instead raised to 125%
00:54in response to Beijing's recent retaliatory tariffs.
00:58Analysts have warned that Trump's tariffs could disrupt global trade and the economy,
01:03something that could likely trigger a recession at home in the U.S.
01:07If not, that would be perfect, the Constitution,
01:12could basically minimize your price for Americans.
01:14In
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