Trump Announces Pause on Tariff Plan, Catching Lawmakers Off Guard and Sending Stock Markets Skyrocketing
‘I saw last night where people were getting a little queasy. [Investors] were getting yippy, a little bit afraid,” Trump says of his decision.
Officials on Wednesday were caught off guard by President Trump’s announcement that he would pause retaliatory tariffs on all countries except China, even as they were meeting with the deputy treasury secretary. Major market indices shot up following the president’s Truth Social post.
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