Trump excludes China from 90-day tariff pause: How did stock markets react?

The global stock market let out a massive sigh of relief yesterday as Trump announced a 90-day pause on almost all higher rates of tariffs. What that means is that the big menu of levies printed on Trump’s big chart is now largely moot – for now, at least. Although it might feel like one of those films where the main character wakes up from a bad dream and none of it happened – trillions of dollars have been wiped off the stock market. However, this is the news that investors have wanted to hear for days. The FTSE 100 is up more than six per cent today, and the UK government is promising to negotiate “coolly and calmly”. Get the latest updates on Donald Trump's tariffs here 👇 https://www.cityam.com/people-and-organizations/trump-tariffs/ Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Matt Kenyon, Emmanuel Nwosu, Scarlett Wild