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International Business Times
International Business Times
World

Art Of The Deal? How Trump Backed Down On Tariffs

Donald Trump Howard Lutnick Scott Bessent the White House Peter Navarro United States Commerce
US President Donald Trump abruptly backed down in his global trade war with a 90 day tariff pause for most countries -- but slapped even more levies against China in what has become a brutal duel between the world's two largest economies (Credit: AFP)

It ended not with a bang, but with US President Donald Trump and two top aides writing a social media post.

Trump's decision to pause worldwide tariffs capped an extraordinary week of global panic since he announced the levies on what he called "Liberation Day."

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