Explore the mix of my investment portfolio. Follow me to see how I invest! Comment on US tariffs: Trump tries to unite the world against China and calm the stock markets
Was it about isolating China or calming the markets? Or both?
Whatever it was, President Donald Trump surprised the world with his unexpected decision to escalate the trade war against America's biggest competitor and delay the high tariffs imposed on its allies.
The Chinese president insisted that he would sit at the negotiating table.
In a swift response to China's decision to match the tariffs imposed by the United States, Trump announced on April 9 that the rate of Chinese tariffs had risen to 125%.
At the same time, he issued a 90-day comment period on the implementation of mutual tariffs imposed on trading partners with whom the United States has a trade deficit, including important allies in Asia such as Japan and South Korea.