US EditionBessent claims the tariff reversal was Trump's 'strategy all along'
- Wall Street reacted positively to President Trump's 90-day pause on tariffs, causing the S&P 500 to surge by more than 8%.
- Treasury Secretary Scott Bessent stated that the tariffs are part of a 'negotiating strategy,' bringing over 75 countries to negotiate.
- The pause followed market pressures and criticisms from allies like billionaire hedge fund manager Bill Ackman, who praised the decision.
- Market reactions to the pause were mixed, with Wedbush analyst Dan Ives stating it was the news Wall Street was waiting for.
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72 Articles
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MAGA loyalists says the tariff pause was Trump's plan all along. Trump himself said otherwise.
President Donald Trump announced Wednesday he'd be pausing his retaliatory tariffs plan for 90 days.Kevin Dietsch/Getty ImagesDonald Trump put a 90-day pause on his tariffs plan.It sure seems like it was prompted by the market meltdown.The president's MAGA allies are claiming that was his strategy all along.President Donald Trump placed a 90-day pause on his sweeping tariffs plan, and it sure seems like it was prompted by the market meltdown and…
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