New Delhi:
Most stock markets across the world rebounded strongly after US President Donald Trump’s stunning U-turn on sweeping reciprocal tariffs on most trading partners. The American leader on Wednesday announced a 90-day pause on the most onerous new tariffs on imports to the United States for every country except China.
Trump’s announcement came on Wednesday afternoon after days of market turmoil, with bond prices and the US dollar selling off earlier in the day on fears that the administration’s plans to raise tariffs to levels last seen more than 100 years ago would push the economy into recession.
The news of a pause brought sudden relief to the market, sending US stocks soaring, while markets in the Asia Pacific region also witnessed a strong rebound in early trade…
