Overview

• Donald Trump announced a 90-day suspension of planned tariff increases for nearly 60-75 trading partners, offering temporary relief to global markets.
• China faces a punitive 145% tariff on its products, including a 20% penalty linked to fentanyl production, intensifying U.S.-China trade tensions.
• Global financial markets experienced sharp volatility, with major indices such as the Dow Jones and Nasdaq seeing significant declines.
• The European Union and other nations are engaging in negotiations, with the EU suspending countermeasures to explore potential agreements.
• Analysts highlight domestic economic pressures, including rising refinancing costs, as key drivers of the U.S. administration's recalibrated trade strategy.