NEW YORK, April 9 (Reuters) - Wall Street surged after

U.S. President Donald Trump announced a 90-day pause in tariffs

he announced last week.

The policy changes also include a lowered overall tariff of

10% during that 90-day period, and increase on tariffs on

Chinese imports to 125%, from the 104% that went into effect

overnight.

MARKET REACTION:

STOCKS: S&P 500 surged almost 7%, while the Nasdaq has

jumped more than 8%.

COMMENTS:

ALEX MORRIS, CHIEF INVESTMENT OFFICER, F/M INVESTMENTS,

WASHINGTON DC

"This is a giant meltup, because the announcement was the

walkback the market needed to see. They hit the pause button and

the market rejoiced. But of course, there is no promise that

we'll manage to solve anything in 90 days. We're certainly not

out of the woods, and we may see inflation data spike if people

respond to the ongoing uncertainty by deciding to go out and buy

things to hoard in case there are tariffs down the road. I think

what convinced the president to act was the bond market, which

had begun sending signals that this was going to get steadily

worse.

"The market moves have been an absolute whiplash, with

intraday moves of 9, 10, 11 percentage points on major markets.

Stocks are trading on tweets and sentiment and the fear of silly

policies being enacted. But there is plenty of liquidity and the

market structure has held up very well."

MARK HACKETT, CHIEF MARKET STRATEGIST, NATIONWIDE INVESTMENT

MANAGEMENT GROUP, PHILADELPHIA

"It's definitely good news because it shows that the

negotiations are in good enough shape that they think that

they've accomplished what they needed to by this initial

conversation.

"But I want to put a pretty big caveat out there because 8%

rallies in 20 minutes in the Nasdaq aren't a heck of a lot

healthier than 8% declines ... so I'm careful about giving an

all-clear right now."

CHRISTOPHER HODGE, CHIEF ECONOMIST FOR THE US, NATIXIS IN NEW

YORK

"We had assumed that some form of capitulation would be

forthcoming - the financial carnage, let alone the economic pain

that has yet to be felt, and it was inconceivable that the

administration to endure for much longer. The decoupling with

China looks to be real with no sign of concessions from either

side. Will the EU similarly stand firm? The fractures appear to

be deep at this point. I think its fair to say that foreign

tariffs may come down a bit where they can via bilateral

negotiations. Where there is not much room for decreased

tariffs, like in FTA countries like Korea, it will be trickier.

"We may revert to the Trump 1.0 playbook of foreign

countries agreeing to purchase more specific goods from the U.S.

This could improve the trade deficit marginally, but will not

fundamentally change the trading relationship like the

administration desires."

JOHN CANAVAN, LEAD ANALYST, OXFORD ECONOMICS, NEW YORK

"The way President Trump worded this makes it not entirely

clear if we actually have a pause or if we just have lower

reciprocal tariffs at 10%. But regardless, either way, it's

clear that the president is backing off some of the worst of his

tariff threats here, and I think that's clearly going to be a

net positive for risk assets that can last."

"One thing that it doesn't do is eliminate uncertainty. The

uncertainty is because the level of tariffs just seems to change

from day-to-day."

"So this only adds to the broader uncertainty as we go

forward. But at least for the time being, while we can't be

certain where the tariff situation is going to wind up, we can

at least see that the president is showing an increased

willingness to back down from the worst of his tariff threats

and allow for some calm to enter the markets as things are

negotiated."

(Compiled by the Global Finance & Markets Breaking News team;

Editing by Lananh Nguyen.)