Analyst: Trump's wording is vague between "pause" and "reduction"

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On April 10, John Carnavan, chief analyst at Oxford Economics in New York, said: From President Trump's wording, we are not entirely sure if it is a real suspension (of tariffs) or just lowering reciprocal tariffs to 10%. However, in any case, it is clear that Trump has abandoned some of the worst tariff threats here, and I believe this is obviously a sustainable net positive factor for risk assets. One thing it did not do was eliminate uncertainty, which stems from the fact that tariff levels seem to change every day.

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