Pound surges as Trump tariffs backfire — 92 posts — The True Story

Summary

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President Trump eased his newest tariffs on Wednesday after two days during which those levies roiled financial markets.
The Hill
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The Australian sharemarket is headed for a reprieve on Thursday morning following a late rally on Wall Street after President Donald Trump granted a one-month exemption on his stiff new tariffs on imports from Mexico and Canada for US carmakers.
Brisbane Times
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After several erratic announcements and delays, Trump has started a trade war with America’s three largest trading partners, levying 25% tariffs on traditional allies Canada and Mexico and additional import duties on goods from China.
Reuters
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Far from retreating from sweeping new tariffs he imposed on Canada, Mexico and China earlier in the day, as much of the business community had hoped, Trump doubled down on his protectionist trade policies Tuesday night.
Politico

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