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Global stocks soar as Donald Trump backs down from trade war

A heavy sell-off in US government debt, a bedrock of the global financial system, eased following Trump’s U-turn and a Treasury auction that signalled robust international demand. Dal Financial Times

Donald Trump stunned global investors on Wednesday when he announced a 90-day pause in additional tariffs on countries that were willing to negotiate with the US, sending stocks surging as the president backed down from a full-blown trade war.

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