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MrJminati
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JUST in:
trump
anounces 90 days pause on tarrifs except china.
#TrumpTariffs
#TRUMP
#90dayspause
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Why Trump's dream of made-in-U.S I Phone is not going to happen.
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3 reasons why Trump announced 90-days tarrifs.
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What a game!!! #TariffsPause #tarrifs #TRUMP #china
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In a dramatic shift that stunned global markets, President Donald Trump on Wednesday announced a 90-day pause on most new tariffs, temporarily easing the economic pressure on dozens of countries while significantly ramping up penalties on China. The announcement, which came just a day after sweeping duties kicked in, followed a period of intense financial market turmoil that wiped trillions from global stock values and sent U.S. bond yields soaring. Trump's reversal quickly turned markets around, sending the S&P 500 up more than 9% and fueling a global rebound. The White House echoed the strategy behind the move in a pointed post on X: "DO NOT RETALIATE AND YOU WILL BE REWARDED", accompanied by a video clip of Treasury Secretary Scott Bessent addressing reporters outside the West Wing. “As I told everyone a week ago, in this very spot, do not retaliate and you will be rewarded,” Bessent said. “And we saw the successful negotiating strategy that President Trump implemented a week ago today. It has brought more than 75 countries forward to negotiate. It took great courage — great courage — for him to stay the course until this moment.” #whitehouse #TRUMP #TariffsPause
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Who all are in the exemption list? Trump said that over 75 countries have contacted his administration and have “not retaliated” on his “strong suggestion”, which is why he took the decision to halt the tariffs. Bessent on Wednesday couched the turnabout as a victory for Trump, telling reporters the president “created maximum negotiating leverage for himself” in talks with other nations. He said he would be speaking to officials from Vietnam, Japan, India and South Korea in the coming days. However, it is not yet clear which nations are in the tariff exemption list. Reports have indicated that India, termed by Trump as a “tariff abuser” is exempted from higher duties. New Delhi has been engaged with Washington for a bilateral trade agreement for the past few weeks. How the stocks have reacted? Stocks staged their best rally since 2008 as euphoria gripped markets after Trump's abrupt announcement. The S&P 500 Index soared 9.5 percent, rebounding from bear-market territory. The tech-heavy Nasdaq 100 surged 12 percent. Goldman Sachs Group Inc. economists rescinded their forecast for a US recession. Asian stocks too posted their biggest jump in more than two years, while Chinese shares advanced in the hopes of more stimulus. #TariffsPause #stockmarkets #exemptionlist #TRUMP
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