P resident Donald Trump blinked. Sort of. At 1:18 p.m. on Wednesday, after almost a week of economic free fall, Trump announced a 90-day pause on most of the sweeping “reciprocal” tariffs that had sent global markets spiraling. At the same time, he announced a surge in punitive tariffs on China, his biggest trade foe and the largest source of U.S. imports, to 125%. And he still kept in place his new blanket 10% tariff on most goods to the rest of the world, including Mexico and Canada.

Tag-uri: Donald Trump