Laith Khalaf looks at the fallout from Trump’s tariffs. Here he writes the U-turn that followed tells us something valuable: his power is not boundless.
President Trump has now announced a 90-day pause on many of the tariffs he introduced on ‘Liberation Day.' Of course, minutes, possibly hours will elapse between this last sentence being written, and you reading this, so please check your favourite news source to ensure this is still the case. That Donald Trump was able to unleash such a tsunami of panic across global stock markets is testament to his power. But his U-turn tells us something valuable: his power is not boundless. There are many who think it was a sell off in the US bond market which prompted the pause in trade ho...
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