#TrumpTariffs #TrumpTariffs

90 days of tariff freeze... How is Trump managing his trade battles?

As the deadline for the tariff freeze set by U.S. President Donald Trump on July 9, 2025, approaches, the global economy is experiencing a state of cautious anticipation. While Trump continues to threaten the reactivation of comprehensive tariffs on imports worth over $1.8 trillion, global capitals, from Beijing to Brussels, are rushing to strike quick trade deals with Washington in an attempt to avoid entering a new trade war that could exceed the impacts seen in 2018.

Markets had experienced sharp disruptions following Trump's announcement to impose a basic tariff of 10% along with additional increases on most countries, some reaching up to 50%, before calming somewhat after the White House announced on April 9 that the implementation of tariffs would be frozen for 90 days to allow more time for negotiations to reach agreements, which observers considered an attempt to absorb the shock without making political concessions. According to Bloomberg, the S&P 500 index rose by 7.2% over two months after the decision was frozen, while investor confidence began to improve.