Trump Pauses Most Tariffs, Except on China

“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.”