Steph Chalmers

And I'm ABC Business Reporter Steph Chalmers.

I think so.

I mean, it is somewhat, apart from the human cost of war, it is just a relief to be sitting here talking about, you know, another Taco Tuesday rather than what's, you know...

what strikes are currently happening, although it sounds like things are still ongoing.

It really did seem like markets were betting on there being some sort of deal brokered at the 11th hour and they were proven correct.

We had US futures rising even ahead of Trump's Truth Social post.

And yeah, it was a bit of a scramble.

We knew the deadline was 10 a.m., so we would have been one of the first stock markets to react.

So around after 8, 8, 8.30, we started to hear that, you know, Trump had announced this two-week pause, going to Truth Social, trying to bring that post up, assuming that that's where he'd made the announcement.

And indeed it was.

So it was a bit of deja vu of how Donald Trump likes to play politics.

But yeah, definitely seems like markets weren't bracing for the opposite.

I think it's got to be that because, you know, these moves, even the rally today, as we're talking, the Australian market was up about two and a half percent.

That's not kind of, you know, it's not an earth-shattering rally of like, oh, Armageddon's been avoided, which if you were to believe the rhetoric that was, you know, being thrown out there.

So I think it is a case of, you know, we're kind of a year on from that first tariff announcement and we spent a year really getting played by Donald Trump, moving at the mercy of his announcements, his delays.

You know, it's really hard to even keep up with where we are at these times.

extended schedule.

So I do think there is just a sense that people do expect this now.

I don't think so.

And if you even just look at the text of what Donald Trump's put out on social media and then what's being reported in Iran's state media, they seem to be two very different takes on