India, April 9 -- Wall Street's main indexes rose strongly on Wednesday after US President Donald Trump announced a 90-day halt in reciprocal and 10% tariffs, beginning immediately. However, the president has increased tariffs on China to 125% with an immediate effect.

"At 01:26 p.m. the Dow Jones Industrial Average rose 2,169.93 points, or 5.76%, to 39,801.82, the S&P 500 gained 321.89 points, or 6.46%, to 5,304.66, and the Nasdaq Composite gained 1,229.20 points, or 8.04%, to 16,497.11," Reuters reported.

Trump on Wednesday declared a 90-day moratorium on the full implementation of his new tariffs for at least some countries.

In a social media post, Trump stated that he "substantially lowered the reciprocal tariff during this period ...