President Trump temporarily suspended most of his recently implemented reciprocal tariffs for 90 days. This decision followed intense market reactions and negotiations with over 75 countries.
The announcement provided immediate relief, leading to surges in stock and commodity futures markets. The pause eased fears of significant economic damage.
While the pause offers temporary relief, worries about the long-term economic implications of Trump's trade policies remain.
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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