On relief – The Economist:

‘Donald Trump has blinked. Little more than 12 hours after his radical regime of “reciprocal” tariffs took effect, he has put most of them on pause for 90 days. Mr Trump said this was in recognition of the fact that more than 75 countries had engaged with his administration in negotiations, working together to address America’s complaints about global trade. The convulsing Treasury market may also have aided his decision. Mr Trump’s announcement provided immediate relief to markets, with stocks and commodity futures surging, as the delay alleviated fears about imminent economic damage.’

(…)

‘The next time round, investors are likely to treat his hawkish rhetoric with more scepticism. But if that means that market reactions are relatively muted, Mr Trump will only have more leeway to press on.’

Read the article here.

You can shout ‘fire, fire’ bit if you shout it too often the effect of the shouting will diminish.
Also, you can lose your reliability only once.

But the liberator has blinked and for the time being that’s hope, I guess.