Analysis
Analysis
Donald Trump has finally blinked – but it’s not the stock markets that have forced him to act
The US president had brushed off the sour equity market reaction to his tariffs as being akin to "medicine" that had to be taken. But, as ever, it is the bond markets that have forced Mr Trump to blink.
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Traders work on the floor at the New York Stock Exchange in New York. Pic: AP
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