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The Guardian - UK
The Guardian - UK
World
Kalyeena Makortoff and agencies

Trump tariff pause brings relief for global stock markets

A woman walks past a screen showing share prices of the Taiwan stock market in Taipei.
A woman walks past a screen showing share prices of the Taiwan stock market in Taipei. Photograph: I-Hwa Cheng/AFP/Getty Images

Donald Trump’s surprise decision to pause the hefty tariffs he had just imposed on dozens of countries brought relief for battered global stock markets, even as he ratcheted up a trade war with China.

Markets across Asia rose sharply on Thursday on signs that the US president’s trade war may not prove as damaging to the global economy as feared.

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