Trump Blinks

While Trump is trying to save face, this is a surrender by the U.S. President. Very few countries have launched negotiations with the United States, and Trump has won few concessions from those hit with 'reciprocal' tariffs. Trump's insistence on massive tariffs had caused a market meltdown, put upward pressure on U.S. bond yields, and many of Trump's most powerful backers were increasingly outspoken in their criticism...