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The Independent UK
The Independent UK
Business
Karl Matchett

The real reason why Trump had no option but to back down on tariffs

The stock market is back, the bulls are back on the rampage, the dip-buyers are in, and the US president has walked back on (most of) his astronomical tariffs.

Tariffgate might be on pause for now, but there’s still uncertainty ahead over whether it’s in 90 days’ time or sooner than that, given the incredible frequency with which he has changed tack so far.

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