Updates
** Shares of U.S. card companies jump, reversing course after U.S. President Donald Trump announces 90-day pause on many of his new tariffs that he had unveiled initially last week
** Visa V.N rises 6%, Mastercard MA.N up 6.1% and American Express AXP.N jumps 12.1%
** Trump, however, says he would raise the tariff on Chinese imports to 125% from the 104% level
** Payment firms face the risk of weak credit card spending, as consumer confidence is expected to take a hit from economic uncertainties stoked by the trade war
(Reporting by Pritam Biswas and Prakhar Srivastava in Bengaluru)
((Pritam.Biswas@thomsonreuters.com))
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