In a recent development, Donald Trump has announced a temporary halt on imposing tariffs on most countries for a period of 90 days amidst a global market meltdown. However, the US President has decided to increase tariffs on China. This decision comes as a significant shift in the ongoing trade war between the two economic powerhouses. Trump’s move to ease tariffs on other nations while intensifying pressure on China is likely to have widespread implications on global trade dynamics. The decision has sparked mixed reactions from economists, policymakers, and market analysts, with many closely monitoring the situation for further developments. The impact of these tariff changes is expected to be felt not only in the US and China but also in other countries that are closely linked to the global supply chain. Trump’s decision to adjust tariffs reflects the complex and evolving nature of international trade relations. The 90-day tariff suspension is seen as a temporary measure to mitigate the economic fallout from the ongoing trade tensions. However, the escalation of tariffs on China underscores the deep-seated disagreements between the two countries over trade practices and intellectual property rights. As the situation continues to unfold, market players are bracing for further volatility and uncertainty in the global economy.

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Trump eases tariffs on most countries for 90 days, but increases China tariffs amidst market turmoil.
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Trump Pauses Reciprocal Tariffs, Lowers Rate to 10% Amid China Tensions – Market Volatility Rises
