#TrumpTariffs

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

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

Markets had experienced severe disruptions following Trump's announcement of a 10% basic tariff alongside additional increases on most countries, some reaching 50%, before settling down somewhat after the White House announced on April 9 that the implementation of the tariffs would be suspended 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.