Trump tariffs: Stocks soar as US president announces tariff pause
Source: BBC
US shares have rocketed after US President Donald Trump said he would suspend higher tariffs on goods from most countries, and instead impose a 10% import tax rate.The White House said it was backing off on steeper levies for trade partners that had agreed to negotiate, although Trump said he would raise tariffs on goods from China even further, to at least 125% "effective immediately".The S&P 500 soared 7% in…
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