Reported 1 day ago
President Trump has finally acknowledged the economic turmoil caused by his trade policies, showing signs of retreat from his aggressive tariff strategies. Despite initially raising import taxes significantly and threatening the Federal Reserve Chair, Trump's recent statements indicate a willingness to ease tariffs, particularly on Chinese imports. This shift has resulted in market fluctuations, with stock values bouncing back as investors respond positively to the prospect of reduced tariffs. However, economists warn that the long-term effects of Trump's policies may still present significant economic challenges.
Source: YAHOO