#TariffsPause
US President Donald Trump has announced a 90-day pause on new tariffs for most countries, but has raised tariffs on Chinese imports to 125%. This move focuses the trade war on China, with Trump aiming to negotiate better deals with key trading partners. The pause has brought relief to global stock markets, while the increased tariffs on China have escalated trade tensions between the two nations.¹ ²
*Key Developments:*
- *Tariff Pause:* 90-day pause on new tariffs for most countries, allowing time for negotiations.
- *China Tariffs:* Tariffs on Chinese imports raised to 125%, effective immediately.
- *Global Market Reaction:* Global stock markets rallied after the announcement, with the EU pausing its retaliatory tariffs on US goods.
- *Trade Negotiations:* Trump's administration is seeking to negotiate better deals with trading partners, including Vietnam, Japan, India, and South Korea.³