Another U-Turn: Trump reverses tariffs that caused market meltdown, but companies remain bewildered
Donald Trump's trade policies created confusion. He suspended import taxes after initially imposing them. This action followed market instability. Businesses faced uncertainty and some delayed plans. Companies like Stellantis and Cleveland-Cliffs cut jobs. The Federal Reserve noted hiring pauses. Delta Air Lines saw stalled travel demand. Trade tensions with China escalated. The WTO warned of glo