US EditionTrump announces 90-day tariff pause. Here's what it means for businesses.
- President Trump declared a 90-day delay on tariffs, boosting markets on Wednesday.
- Levies imposed earlier caused financial market disruption and stock declines.
- The S&P 500 jumped almost 10%, with tech and consumer sectors rising sharply.
- Trump posted, "Everything is going to work out well," urging people to buy stocks.
- Analysts anticipate ongoing market uncertainty despite the tariff pause announcement.
136 Articles
136 Articles
The Daily Progress
Trump's changing tariffs bewilder US companies
WASHINGTON — President Donald Trump delivered another jarring reversal in American trade policy this past week, suspending for 90 days import taxes he'd imposed barely 13 hours earlier on dozens of countries while escalating his trade war with China. The…
Trump has 90 days to make 150 trade deals. Financial markets don't think so
By David Goldman and John Towfighi, CNN U.S. President Donald Trump and his advisors said that this was the plan from the start: to scare the world by announcing astronomically high tariffs, making countries sit at the negotiating table and, with the exception of China, stepping back from the most punitive trade barriers while the United States works on new trade agreements around the world. However, Trump's 90-day pause in his “reciprocal” tari…
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