DONALD TRUMP has blinked. Little greater than 12 hours after his radical regime of “reciprocal” tariffs took impact, he has put most of them on pause for 90 days. Mr Trump mentioned this was in recognition of the truth that greater than 75 international locations had engaged together with his administration in negotiations, working collectively to deal with America’s complaints about world commerce. The convulsing Treasury market may additionally have aided his determination. Mr Trump’s announcement offered quick reduction to markets, with shares and commodity futures surging, because the delay alleviated fears about imminent economic damage.
