Trump Pauses Tariffs for Most Nations, but Escalates Trade War with China
In a dramatic shift on Wednesday, U.S. President Donald Trump announced a 90-day suspension of tariffs on most countries. This decision followed global backlash over sweeping duties imposed earlier in the week. However, China was not included in this temporary relief. Trump instead raised tariffs on Chinese imports to 125%. This was an increase from 104% and was effective immediately. China Responds with Hefty Retaliation In response, China announced an 84% retaliatory tariff on U.S. goods, up from its earlier 34%, further intensifying the already spiraling U.S.-China trade war. The move has prompted global concern as the two economic giants…
