The details of any framework aside, Trump’s decision to back down from steep new #tariffs on European countries came days after financial #markets recoiled over the prospect of a #trade war. Some analysts felt that a protracted battle threatened to harm the #US #economy, not just the countries that #Trump had been trying to pressure over #Greenland.

Nevertheless, it was not the first time that #TACO has retreated from his tariff plans, particularly in the wake of a strong market reaction.

#law