#特朗普暂停新关税

Background and Reasons for Tariff Suspension

In early April, the Trump administration implemented up to 50% 'reciprocal tariffs' on multiple trading partners, including the EU, Canada, and Japan, causing severe fluctuations in global markets. Amid significant declines in the stock market, turmoil in the bond market, and strong opposition from businesses and allies, Trump announced on April 9 a 90-day suspension of additional tariffs on countries other than China, retaining a 10% baseline tariff.

At the same time, tariffs on China were raised to 125%, reflecting the Trump administration's hardline stance on U.S.-China trade issues. This move aims to pressure China into making concessions in trade negotiations.

Reactions from Various Countries and Negotiation Progress

During the 90-day window of tariff suspension, the United States engaged in 'privileged' negotiations with 15 countries, including Switzerland, seeking to reach new trade agreements. Swiss President Karin Keller-Sutter stated that both sides would draft a memorandum of understanding to clarify the focus of the negotiations.

On the Chinese side, reports indicate that it is considering suspending the 125% tariff imposed on certain U.S. imports, mainly out of concern for the survival of domestic enterprises rather than being directly related to U.S.-China trade negotiations.

Economic and Political Impact

Trump's tariff policy has sparked widespread concern within the United States. A poll shows that many Americans are worried that these tariffs will lead to rising prices and could potentially push the country into recession. Additionally, 12 states have filed lawsuits against the Trump administration's tariff policy, arguing that it lacks legal basis and causes chaos in the economy.

Internationally, the Trump administration's trade policy has also drawn significant attention and criticism. Some analysts believe that Trump's tariff strategy could undermine the global trading system and increase economic uncertainty.

Looking Ahead

The Trump administration's tariff policy is currently at a critical 90-day negotiation window. If an agreement cannot be reached with major trading partners during this period, tariffs may be reinstated, further escalating global trade tensions. Meanwhile, the high tariffs on China could also trigger new trade frictions. In the coming months, global markets will closely monitor the direction of the Trump administration's trade policies and the progress of negotiations with various countries.