"Liberation Day" in the US has just given way to "Capitulation Day," foreign media write.
US President Donald Trump yesterday pulled back from a series of harsh tariffs targeting friends and foes in a bold attempt to reshape the global economic order.
Trump's announcement early this afternoon followed a harrowing week in which Republican lawmakers and aides privately warned him that the tariffs could devastate the economy, writes A2 CNN.
His aides had quietly raised the alarm in financial markets before he suspended a tariff regime he had imposed just a week earlier at a ceremony in the Rose Garden.
The stock market surged immediately after the tariff measures were introduced, ending days of losses that have forced older Americans who have put their savings in 401(k)s to rethink their retirement plans. (A2 Televizion)
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