Trump makes stunning backflip on tariffs as markets get ‘yippy’ but goes even harder on China

News Snapshot:

US President Donald Trump said he is pausing his tariffs regime for 90 days on more than 75 trading partners who did not retaliate in the hours after it went into effect, a stunning reversal from the White House after days of painfully volatile moves in US markets. In a post on Truth Social, Trump wrote that his decision was based on these countries having called to “discuss” trade-barrier issues with the US after Trump’s latest round of tariffs went into effect after midnight. Trump told reporters at the White House that he decided to institute the 90-day pause because...