Trump Freezes Global Tariffs for 90 Days but Escalates Trade War with China

The U.S. imposes a 145% tariff on Chinese imports while global markets react to the volatile shift in trade policy.

• President Trump has suspended tariff increases for 75 countries for 90 days, while raising tariffs on Chinese imports to 145%.
• The increased tariffs on China include a 20% penalty tied to allegations of fentanyl production, exempting key sectors like semiconductors.
• Global markets remain turbulent, with significant declines in U.S., European, and Asian indices following these developments.
• China has vowed to 'fight until the end' but left the door open for negotiations based on mutual respect.
• The European Union has paused retaliatory measures, opting to explore negotiations during the 90-day freeze.

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