President Trump has unexpectedly called off a planned White House press conference with Israeli Prime Minister Bibi Netanyahu, as Wall Street entered its third consecutive day of turmoil sparked by his controversial “Liberation Day” tariff initiative.
No reason was provided for the abrupt cancellation of the East Room event, which was scrapped just ahead of Netanyahu’s scheduled arrival. However, a brief Oval Office photo opportunity with both leaders is still expected to occur.
Monday’s markets were volatile, swinging up and down in response to conflicting reports that Trump might postpone the implementation of the new tariffs by three months.
While several global leaders—including those from the United Kingdom, Taiwan, Japan, and South Korea—have expressed a desire to negotiate in hopes of avoiding the harsh new duties, the White House reported that around 50 nations have reached out to initiate talks. Meanwhile, China continues to pursue an opposing path by responding with tariffs of its own.
{Matzav.com}