00:00President Donald Trump has announced a 90-day pause on tariffs for most nations, except
00:06China, on whose imports he has raised the tax rate to 125%.
00:11Asked by a reporter why he'd made the decision, Trump said he'd been watching the bond market
00:17and people were getting a little queasy.
00:20Well, I thought that people were jumping a little bit out of line, they were getting
00:25yippy, you know, they were getting a little bit yippy, a little bit afraid, unlike these
00:30champions, because we have a big job to do.
00:34Trump added, however, that he was still honoured to have initially imposed the tariffs because
00:39he said somebody had to do it.
00:42Global markets soared after the announcement, with the Dow Jones index surging by 2,000 points
00:49just minutes later.
00:50The White House has made it clear, however, that a universal 10% tariff would still apply
00:56in the meantime while trade negotiations take place.
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