ALERT: WE HAVE *NEVER* SEEN ANYTHING LIKE THIS
Well, isn’t this fun? News that President Trump had decided to pause some of the tariffs that he recently unveiled for 90 days sent stock prices soaring. The Dow Jones Industrial Average was up more than 2,900 points on Wednesday, and that is very good news. But not that much has actually changed, and the global trade war is still officially on. In fact, President Trump just hiked the tariff rate on Chinese imports to 125 percent…
President Donald Trump on Wednesday said he was authorizing a 90-day pause in reciprocal tariffs to all countries except China, on which he was raising the levy to 125% in the latest twist of a saga that has roiled financial markets for a week. The universal 10% tariffs remain in place.
So let’s summarize what just happened.
-The universal baseline 10 percent tariffs are still in effect.
-The additional…
