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President Donald Trump was ridiculed on social media for backtracking the 145 percent tariffs he imposed on Chinese imports and crashing the world economy in the process. Several critics on social media called out the commander-in-chief for "folding" to China amid massive pressure from economist to roll back his disastrous tariff plan.

U.S. stocks ended the Wednesday session higher after President Donald Trump was seen dialing back his rhetoric on the Federal Reserve and China trade.