Donald Trump’s dramatic Wednesday U-turn on tariffs was a predictably unpredictable move from the U.S. president that set U.S. stocks up for their best day since 2008. But, while equities were pulled out of the firing line, the head of France’s central bank isn’t sure the rest of the world will continue to buy whatever Trump and the U.S. are selling.
On Tuesday, Trump announced a 90-day pause to tariffs leveled against several countries on April 2’s “Liberation Day,” relenting on his grand plans as equity and bond markets fell into bear market territory. China, however, was hit with increased import tariffs of 125%.
