Analyst: Trump's wording is vague, tariff uncertainty remains high

Odaily News John Canavan, chief analyst at Oxford Economics in New York: From the way President Trump phrased it, it's not entirely clear whether it's really a suspension (of tariffs) or just a reduction of the reciprocal tariffs to 10%. But in any case, it's clear that Trump has backed off some of his worst tariff threats here, and I think that's clearly a net positive for risk assets that can last. One thing it doesn't do is eliminate uncertainty, which is because the level of tariffs seems to change every day. (Jinshi)