Overview

• Donald Trump has implemented a 90-day suspension of tariff hikes for over 75 countries, reducing tariffs to a uniform rate of 10%, but excluded China from this reprieve.
• Tariffs on Chinese imports have been raised to 125%, citing China's alleged lack of respect for global markets, further intensifying the U.S.-China trade dispute.
• China responded by increasing its tariffs on U.S. goods to 84% and threatening additional measures, including export controls and blacklisting U.S. companies.
• The European Union has announced initial counter-tariffs of 10% to 25% on select U.S. goods, with further measures planned for mid-May and late 2025.
• Global financial markets reacted positively to the tariff pause, with U.S. stock indices, particularly tech stocks, experiencing significant rebounds.