DONALD TRUMP has blinked. Little greater than 12 hours after his radical regime of “reciprocal” tariffs took impact, he has put most of them on pause for 90 days. Mr Trump stated this was in recognition of the truth that greater than 75 nations had engaged together with his administration in negotiations, working collectively to handle America’s complaints about international commerce. The convulsing Treasury market might also have aided his resolution. Mr Trump’s announcement supplied instant aid to markets, with shares and commodity futures surging, because the delay alleviated fears about imminent economic damage.
