Donald Trump stunned global investors on Wednesday as he announced a 90-day pause in additional tariffs on countries that were willing to negotiate with the US, sending stocks surging as the president backed down from a full-blown trade war.
Wall Street equities soared immediately after Trump’s announcement, with the blue-chip S&P 500 closing up 9.5 per cent and the Nasdaq Composite surging more than 12 per cent. It was the best day for the S&P 500 since 2008 and the strongest for the…
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