The stock market surged after the U.S. and China agreed to slash tariffs on each other

Geneva Trade Platform’s Executive Director Diane Swonk in an interview to NPR said that stop-go programmes are “the things that can make for very big policy mistakes because of how inflation impacts the US economy”. “But if the consumer…and the administration try to put this burden just on a manufacturer like myself and try to expect us to eat the entire 30% tariff, then you’re going to have a lot of problems,” she added.