#TariffsPause

On April 9, 2025, President Trump announced a 90-day pause on tariff hikes for most countries but sharply increased tariffs on Chinese imports to 125%, citing disrespect from Beijing. The move followed global pressure and market turmoil, leading to a temporary market rebound. China responded by raising tariffs on U.S. goods to 84%, escalating trade tensions. While the pause brought relief to many nations, the U.S.-China conflict raised fears of an economic downturn and potential financial war. Trump’s decision, made via social media, caught many in his administration off guard, sparking mixed reactions from Congress and global financial markets.