In a recent announcement, US President Donald Trump revealed his decision to temporarily suspend tariff increases on most countries for a period of 90 days. However, he also mentioned that tariffs on Chinese goods would see a hike. This move comes in the midst of a market meltdown, with experts and market participants expressing concerns over the impact of tariffs on the global economy. Economists have cautioned that such measures could potentially lead to a worldwide economic downturn and inflationary pressures. Trump’s decision to ease tariffs on several nations could provide some relief to markets, but the uncertainty surrounding the US-China trade war continues to weigh on investor sentiment. The temporary truce on tariffs is seen as a step towards de-escalating trade tensions between the world’s two largest economies. The outcome of these negotiations will be closely watched by businesses and investors worldwide, as any resolution could have significant implications for global trade and economic growth. Stay updated on the latest developments in this ongoing trade dispute to gauge its impact on financial markets and international trade relations.