Selina Y. Wang

Trump made a stunning reversal today - and that’s why stock markets are soaring. After the President repeatedly said he wasn’t going to pause his massive tariff plan, Trump is now putting a 90-day pause on most tariffs - reducing them to 10% But the US-China trade war is https://t.co/KK7LbQPtBv

Trump speaking now: "China wants to make a deal. They just don't know how to go about it...Xi is a proud man. I know him very well, and they don't know quite how to go about it, but they'll figure it out. They're in the process of figuring out, but they want to make a deal."

Trump speaking now at the White House. When asked why he paused tariffs for 90 days, he said: "I thought that people were, jumping a little bit out of line. They were getting yippy. You know, we're getting a little bit yippy a little bit afraid"

White House: "Nobody creates leverage for himself like President Trump" Treasury Secretary: “Do not retaliate, and you will be rewarded" Administration claiming this pause is part of Trump's strategy and they have the upper hand over China since they need US buyers

BREAKING: Trump orders 90 day pause on tariffs, but China is not included Treasury Secretary just now saying: "Every country that wants to negotiate, we hear you. We will go to 10% tariff. China will be raised to 125% due to their insistence of escalation"

Trump's latest tariffs raised duties on goods from China to 104% Beijing then announced additional tariffs on U.S. imports, for total 84% tariffs that go into effect in hours

“I don’t think Beijing’s going to back down…It might be [a case of] who blinks first.” “It feels more like a test of endurance at this point — basically who feels the pain first and who has to come to the table with a slightly weaker bargaining position.” - Lynn Song, ING chief

Trump will extend deadline on TikTok ban-or-sale for another 75 days “We hope to continue working in Good Faith with China, who I understand are not very happy about our Reciprocal Tariffs…This proves that Tariffs are the most powerful Economic tool…”

Fed Chair Powell: "it is now becoming clear that the tariff increases will be significantly larger than expected...The same is likely to be true of the economic effects, which will include higher inflation and slower growth."

China retaliates with 34% across-the-board tariffs on imports from the U.S. China’s Ministry of Commerce is adding 11 American companies to its list of “unreliable entities,” which bars them from doing business in China or with Chinese companies