Trump, Tariffs
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The Wall Street Journal |
President Trump finally blinked.
U.S. News & World Report |
"President Trump created maximum negotiating leverage for himself," Bessent told reporters. "This was his strategy all along."
USA Today |
Stocks ripped higher and bond yields jumped Wednesday after the White House pulled back on its trade war.
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Donald Trump paused some tariffs from going into effect Wednesday, sending ripples through the business community.
U.S. President Donald Trump offered his trading partners — and financial markets — some reprieve Wednesday as he walked back parts of his tariff policy. Markets breathed a major sigh of relief, with a historic rally unfolding on Wall Street.
Investors on overseas financial markets welcomed President Trump's decision to put most of his his sharp tariff hikes on hold for 90 days.
Trump announced a 90-day tariff reduction to 10% for most countries but further jacked up the tax rate on Chinese imports to 125%.
President Donald Trump dropped new tariff rates on imports from most U.S. trade partners to 10% for 90 days to allow trade negotiations with those countries. Trump announced the pause hours after goods from nearly 90 nations became subject to stiffer,
The global economy appeared to be in open rebellion against President Donald Trump's tariffs as they took effect Wednesday.Business executives are warning of a potential recession caused by his policies,
Follow here for live updates and news on fallout in the financial markets from President Donald Trump's announcement last week on tariffs for all countries.