US Commerce Secretary Howard Ruckman states that the 90-day tariff pause was not influenced by market reactions. President Trump decided to pause tariffs for 75 countries, while hiking taxes on Chinese imports to 125%. Ruckman explains the decision as respecting countries willing to negotiate, maintaining 10% reciprocal tariffs across the board except for China. An analyst suggests that market concerns, particularly bond yields, did play a role in Trump’s decision.
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