Trump Escalates China Trade War While Pausing Tariffs for Other Nations

The U.S. raises tariffs on Chinese goods to 145% as global markets react to a 90-day tariff freeze for dozens of countries.

• President Trump announced a 90-day pause on higher tariffs for nearly 60 countries, including the EU, while increasing tariffs on Chinese imports to a staggering 145%.
• The tariff hike on China has intensified trade tensions, with Beijing retaliating by imposing 84% duties on U.S. goods, deepening the economic standoff between the two nations.
• Global markets initially rallied following the tariff pause, but stocks later tumbled as concerns over the U.S.-China trade war resurfaced, with major indices dropping over 4% on Thursday.
• The European Union and over 15 other countries have signaled readiness to negotiate new trade agreements, temporarily suspending planned retaliatory measures.
• Economic analysts warn that the steep tariffs on China could lead to higher consumer prices, reduced disposable incomes, and increased risks of a U.S. recession.

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