President Trump has temporarily suspended most of his recently implemented reciprocal tariffs for 90 days. This decision follows negotiations with over 75 countries and comes after significant market turmoil.
The announcement brought immediate relief to financial markets, with stocks and commodity futures rising sharply. The pause lessened concerns about potential significant economic harm.
While the pause offers short-term relief, worries about the long-term implications of Trump's trade policies persist.
DONALD TRUMP has blinked. Little more than 12 hours after his radical regime of “reciprocal” tariffs took effect, he has put most of them on pause for 90 days. Mr Trump said this was in recognition of the fact that more than 75 countries had engaged with his administration in negotiations, working together to address America’s complaints about global trade. The convulsing Treasury market may also have aided his decision. Mr Trump’s announcement provided immediate relief to markets, with stocks and commodity futures surging, as the delay alleviated fears about imminent economic damage.
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