Donald Trump's tariff reversal feeds reputation as paper tiger on trade

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Donald Trump's tariff reversal feeds reputation as paper tiger on trade - Business Standard

Quick Summary:

Those include duties on sectors like pharmaceuticals, chips, steel, aluminum, and copper; tariffs on the European Union; and a potential across-the-board global tariff that Trump has said should be “much bigger” than 2.5 per cent.

Still, uncertainty swirls: Trump did not announce a pause on China tariffs, which have more support in his party, ahead of a planned phone call with President Xi Jinping later this week.

But the US president’s willingness - at least for now - to hold off tariffs has underscored doubts over whether Trump, who famously obsesses over market performance, might once again prove a paper tiger on his more fiery trade threats.