US EditionAckman on Trump tariff pause: ‘Brilliantly executed’
- President Donald Trump announced a 90-day pause on tariffs for certain countries engaged in negotiations, which led to a surge in the market.
- Goldman Sachs reversed a previous recession prediction shortly after Trump's announcement, lowering the probability of recession to 45% and adjusting its GDP growth forecast to 0.5%.
- The Dow Jones Industrial Average rose 2,900 points, marking the biggest gain since 2008, as investors reacted positively to the tariff pause news.
- Despite the positive market response, concerns remain about ongoing trade tensions, particularly with China and the economic impact of higher tariffs.
55 Articles
55 Articles
'The Daily Show' mocks Trump over tariff pause
It's over a week since "Liberation Day", and Trump's tariff-induced chaos shows no signs of slowing down.The latest development? A 90-day pause on tariffs for countries engaged in negotiations with The White House, which saw tech stocks and crypto making a small recovery on Wednesday and has led to Republicans saying that this was the president's plan all along.The Daily Show's Desi Lydic, meanwhile, remains unimpressed."Ah yes, The Art of the D…
From Ray Dalio to Bill Ackman, billionaires and CEOs sound off on Trump's tariff pause
President Donald Trump’s announcement Wednesday that he would pause his sweeping, universal tariffs on almost all countries for 90 days sent shockwaves through the business world and the markets. China remains heavily tariffed: White House officials confirmed Thursday that the effective U.S. tariff rate on Chinese…Read more...
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