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Trump Pauses Most Tariffs After Global Market Turmoil and Media Criticism

President Trump announces a 90-day delay on most tariffs, excluding those targeting China, following significant financial instability and media scrutiny of his motives.

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Overview

  • President Trump initially announced sweeping tariffs during a National Republican Congressional Committee dinner, claiming foreign leaders were eager to negotiate with him.
  • His comments, including a claim that foreign leaders were 'kissing my ass,' drew criticism and sparked widespread media attention.
  • The tariffs caused significant instability in global financial markets over the past week, leading to heightened concerns about economic repercussions.
  • Less than 24 hours after his initial announcement, Trump reversed course by implementing a 90-day pause on most tariffs, with exceptions for China.
  • Media figures like Olivia Munn and Desi Lydic have critiqued Trump's tariff strategy as more about seeking attention than addressing trade deficits.