President Donald Trump put his wind behind equity indexes with a post on Truth Social on Wednesday at 1:30 pm Eastern Daylight Time, announcing a 90-day pause on most of his tariffs but also reducing his trade war to a U.S. vs China superpower struggle. Meanwhile, a healthy auction eased fear in the bond market.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," the president said on his social media feed.
