President Donald Trump said he was “not looking at” pausing tariffs. Trump paused some tariffs on trading partners, except China, for 90 days two days later. Full Flop!
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Updates
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The White House called a 90-day tariff pause "fake news" on Monday after unverified X posts contributed to a stock market rally. On Wednesday, President Donald Trump announced a 90-day pause on country-by-country tariffs while enforcing 10% across-the-board tariffs. The U.S. is also raising tariffs on China to 125%. #tariffs #news #trump #economy #stockmarket
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For weeks, stock markets have been falling, and the plunge accelerated after President Donald Trump on April 2 unveiled U.S. tariffs on virtually every country. Commenters on social media have said the drop in stock prices could portend a recession. Professional analysts at JPMorgan have estimated a 60% likelihood of a recession, while Goldman Sachs and Morningstar put the odds between 40% and 50%. So what is a recession? Is there a connection between stock market declines and recessions? And would a tariff-driven recession differ from past recessions? Here are some answers. #economy #recession #stockmarket #tariffs
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