Economist Chris Watling on Trump’s Volte Face and What it Means
After a turbulent week when global markets were battered by Donald Trump’s announcement of high tariffs on the world, there came a sudden reprieve: Trump announced a 90 day pause..on all countries except China. The bourses bounced back in record rallies, even as US and China slapped 125% tariffs on each others’ imports.
It’s a trade war between two of the strongest economies of the world, a three month relief for the rest of the world.
What made Donald Trump pull back? Is it a temporary relief? Will he make good on his tariff threats on other countries if the deals with them…
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