Trump Cries Uncle on Tariff Crisis After Market Collapse

 https://www.thedailybeast.com/trump-puts-tariffs-on-hold-amid-market-meltdown/

The freeze comes despite the president’s insistence that he would not back down.

President Donald Trump is backing down on his tariffs and putting levies on most countries on a 90-day freeze amid the global market crisis, he said Wednesday.

But after announcing the astonishing about-face, the president also said he is raising the stakes in his trade war with Bejing by ramping up China’s tariffs to a whopping 125 percent.