How Trump changed his mind on tariffs +2 Peter Nicholas, Garrett Haake and Carol E. Lee Reporting from Washington mgmarket7.at “Liberation Day” gave way to Capitulation Day last night. President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order. Image: President Donald Trump Saul Loeb / AFP - Getty Images Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony. mg2 at The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans. Read the full story here. 32m ago / 12:55 PM GMT+3 Sharesocial share icon trigger China's foreign ministry calls the U.S. a '21st century barbarian' Peter Guo Reporting from Hong Kong China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.” Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post. mgmarket3 at “A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world

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