#TrumpTariffs The American president Donald Trump announced a mass import tariff plan last week, which would have turned the global economic order and long-standing trade relations between the United States and its allies upside down.

But Trump's plan – or at least a significant part of it – has been frozen. The president suspended the tariff increase for most countries for 90 days. And, at the same time, he is focused on maintaining a trade war against China.

In an escalation that dragged on for more than a week, tariffs against the Asian country were increased by Trump until they reached a level of 145%, following retaliation from Beijing.