In a recent announcement, Donald Trump revealed that he is planning to temporarily suspend tariffs on most countries for a period of 90 days in response to the ongoing market turmoil. However, the US President also mentioned that he would be increasing tariffs on China. This decision comes after mounting pressure from market participants and economists who have been advocating for a reduction in tariffs. There are concerns that the current trade war and imposition of tariffs could potentially lead to a global economic recession and result in inflation. Trump’s move to ease tariffs on most nations while targeting China specifically is seen as a strategic shift in his trade policies. The decision has sparked discussions among economists and market analysts about the potential impact on international trade and economic stability. Trump’s decision to hold off on imposing tariffs on several countries for the next three months will likely have implications for various industries and economies around the world. The move is being closely watched by global leaders and market players for its wider repercussions on trade relations and economic growth.