GOP senator says tanking markets 'spooked' Trump into pausing tariffs

"I think that the marketplace has spooked them, and I'm glad that they backed off," Sen. Rand Paul told reporters on Wednesday.

Tom Williams/CQ-Roll Call via Getty Images

• GOP senators greeted Trump's tariff pause announcement Wednesday with a big sigh of relief.
• Sen. Rand Paul said he thought Trump and his advisors were "spooked" by the markets.
• "I think it's a win for America," another GOP senator said.

Shortly after President Donald Trump announced a 90-day pause on most of his reciprocal tariffs...