President Trump blinked on Wednesday, pausing most of the tariffs he had sought to put on nations around the world.
The one big exception is China, now the focus of an escalating trade war. American tariffs on China now total 145 percent while China has sought retribution with levies on U.S. imports that it raised to 125 percent in the early hours of Friday.
Trump’s retreat on the broader international tariffs came after trillions of dollars had been wiped from the value of U.S. equities...
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