US denies global market crash linked to 90-day tariff pause decision

US Commerce Secretary Howard Ruckman states that the 90-day tariff pause was not influenced by market reactions. President Trump decided to pause tariffs on 75 countries, while hiking taxes on Chinese imports to 125%. Ruckman explains the decision as respecting countries willing to negotiate, maintaining 10% reciprocal tariffs across the board except for China. An analyst suggests that market concerns, particularly bond yields, did play a role in Trump’s decision.