Overview

• President Trump announced a 90-day suspension of tariffs on over 75 nations, citing outreach for trade negotiations.
• Simultaneously, Trump increased tariffs on Chinese imports to 125%, signaling a tougher stance on China.
• U.S. Trade Representative Jamieson Greer testified he was informed of the policy shift only moments before his House testimony.
• Rep. Steven Horsford criticized the administration for lacking a clear trade strategy, highlighting potential harm to American consumers and small businesses.
• The sudden policy changes have contributed to market volatility, with lawmakers raising concerns about economic stability and potential market manipulation.