United States President Donald Trump said on Wednesday (Apr 9) that he would temporarily lower the hefty duties he had just imposed on dozens of countries last week. The reversal came less than 24 hours after the tariffs kicked in on most trading partners and raised recession fears. Global markets have been in turmoil, with the S&P 500 suffering its deepest loss since the benchmark's creation in the 1950s. Gary Clyde Hufbauer, nonresident senior fellow at Washington-based think tank Peterson

Tag-uri: Donald Trump