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Trump Pauses Most Tariffs, Except on China

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“Stocks soared on Wednesday after President Trump abruptly announced he would back down on his ‘reciprocal’ tariffs for 90 days,” the New York Times reports.

Wall Street Journal: “U.S. stocks rocketed higher Wednesday to their best day in years after President Trump jolted investors with announced that he had authorized a 90-day pause on certain tariffs to most countries.”

“The about-face in the expanding trade war by its main actor jolted investors who had previously been fleeing for the sidelines.”

CNBC: “White House advisors claim the flip flop was always the strategy, suggesting that the past week of massive tariffs that triggered huge market losses was all for show.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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