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Stock impact report

Markets Rally as Trump Backtracks, Pausing Tariffs For 90 Days [Yahoo! Finance]

Guess?, Inc. (GES) 
Last guess?, inc. earnings: 3/18 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The stock market was rocked by news in the early morning hours that China had drastically escalated its retaliatory duties on the U.S., and the European Union approved 25-percent tariffs as a countermeasure to the president's steel and aluminum tariffs , announced last month. “BE COOL! Everything is going to work out well,” Trump Truthed as the markets trembled. More from Sourcing Journal Guess Inc. Maps Out Strategy to Grow DTC, Cut Costs GOP Lawmakers Break With Trump on Tariffs 'Liberation Day' Tariffs: The Full List But by early afternoon, the president seemed to realize all was not, in fact, cool. Hitting back at China, Trump posted that he would raise the stakes in the trade war, upping import duties on China-made goods to 125 percent, effective immediately. Highlighting the contrasting stance of about 75 other U.S. trading partners, which have rushed to the phones to implore the president to reconsider double-digit duty increases, Trump said he would authorize a 90 Show less Read more
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