💨 Abstract

US President Donald Trump has paused tariffs for 90 days for most countries, causing the rand to rebound after market turmoil. However, Trump also imposed higher tariffs on Chinese goods, escalating the confrontation between the world's two largest economies. The EU retaliated with measures against US products. Trump's announcement led to a surge in Wall Street stocks, with the S&P 500 rising 6.0 percent.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖