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Tariff Pause, Tax Cuts & An Escalating Trade War With China

Trump pauses most tariffs — and sends the market soaring! While the market recovers, the Trump administration says it’s time to focus on tax cuts for everyday Americans. Will China hold out in its tariff war with Trump? We spoke to a supply chain expert about Beijing’s next move.

It’s Thursday, April 10, and this is the news you need to know to start your day. If you’d rather listen to your news, today’s edition of the Morning Wire podcast can be heard below:

 

 

Trump Pauses Tariff Hike, Stock Market Skyrockets

(Photo by Michael Nagle/Bloomberg via Getty Images)

Topline: In a stunning development Wednesday, President Trump paused virtually all global tariffs, with the exception of China.

One week ago, the president enacted the largest tariffs in a century, and then on Wednesday, with a single social media post, he put nearly all of them on pause. Trump announced in a Truth…

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